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Corio and TotalEnergies Join an Activity to Clean Up the Environment Around the Yeocheon Stream in Ulsan

Oct. 25 2022

•        Corio and TotalEnergies participated in the ‘Eco Mom! Happy Mom!’ an eco-friendly community activity program operated by the Ulsan Nam-gu Community Welfare Center, to measure the water quality and go plogging around the Yeocheon Stream.•        The two companies engaged in the voluntary activity as part of the ESG programs they have conducted since 2019 to fulfill their responsibility and make commitments to the local communities.•        “We will continue to pay attention and work together with the residents so that eco-friendly activities can become a daily routine.” [October 25, 2022] Corio Generation, Green Investment Group (GIG)'s specialist offshore wind business, and TotalEnergies, a global multi-energy company, announced on October 25 that they participated in an activity to clean up the Yeocheon Stream, one of the ‘Eco Mom! Happy Mom!’ programs run by the Ulsan Nam-gu Community Welfare Center. ‘Eco Mom! Happy Mom!’ is a campaign staged by the Ulsan Nam-gu Community Welfare Center for the community environmental leaders to introduce the seriousness of environmental problems to parents and children of the local community and carry out activities to clean up and improve the environment.  Corio and TotalEnergies, which are promoting floating offshore wind projects in Ulsan, supported the campaign last May as part of their environmental, social, and governance (ESG) activities to conserve the environment and pursue co-prosperity with the region. This time, Corio and TotalEnergies employees actively took part in the activity to protect the environment, such as picking up trash along the Yeocheon Stream while communicating with the residents. The program consisted of two sessions: ‘Yeocheon Stream Environment Monitoring’ and ‘Yeocheon Stream Plogging.’ Moon Ho-seong, the head of Ulsan River Restoration Network, had first given a theoretical lecture on the environmental conditions of the stream before all participants checked the water quality of the stream by measuring chemical oxygen demand (COD) and dissolved oxygen (DO). Then, the participants carried out plogging activities for an hour, starting from the area near the Ulsan Library to the downstream. “It was a meaningful time to meet with and conduct volunteer activities with the residents who are striving to preserve the environment in Ulsan based on affection and responsibility,” Corio and TotalEnergies said. “For a sustainable future, we will continue to pay attention and work together with the residents so that eco-friendly activities can become a daily routine in local communities.” “I feel rewarded as I can engage in environmental protection activities on a regular basis as a member of the community that gathered to conserve the environment of the Yeocheon Stream,” said Park Jae-ryeon, an ‘Eco Mom! Happy Mom!’ member. “I am also grateful to the employees of Corio and TotalEnergies for their interest in local activities and working together with us in concert.” Corio and TotalEnergies have been continuously expanding their ESG activities since 2019 in order to raise awareness of the value of environmental conservation for future generations, especially in Ulsan. This year, they sponsored the production of the ChildFund Korea’s environmental education kit 'Bag to the Green' in July, and held a marine environment education campaign ‘Together with Ocean’ at Okseo Elementary School in Ulsan in September, in collaboration with the National Ocean Science Museum (KOSM).  Meanwhile, Corio and TotalEnergies are co-developing more than 2GW of offshore wind projects in Korea under the joint brand name of ‘BadaEnergy’. Recently, SK ecoplant has joined as a new partner. Currently, BadaEnergy is carrying out five offshore wind projects in Korea, including the floating offshore wind projects with a combined capacity of 1.5 GW (project name: Gray Whale I, II, and III) off the coast of Ulsan.  Photo 1) Corio and TotalEnergies participated in an activity to clean up the Yeocheon Stream, one of the ‘Eco Mom! Happy Mom!’ programs run by the Ulsan Nam-gu Community Welfare Center.Photo 2) Corio and TotalEnergies participated in an activity to clean up the Yeocheon Stream, one of the ‘Eco Mom! Happy Mom!’ programs run by the Ulsan Nam-gu Community Welfare Center.Photo 3) Corio and TotalEnergies participated in an activity to clean up the Yeocheon Stream, one of the ‘Eco Mom! Happy Mom!’ programs run by the Ulsan Nam-gu Community Welfare Center.Photo 4) Corio and TotalEnergies participated in an activity to clean up the Yeocheon Stream, one of the ‘Eco Mom! Happy Mom!’ programs run by the Ulsan Nam-gu Community Welfare Center. 
Maenggoldo Offshore Wind Power Sponsors ‘Traditional Culture and Art Performance for Residents’ on West-Geochado Island in Jindo-gun

Oct. 19 2022

•        Maenggoldo Offshore Wind Power has sponsored the ‘Traditional Culture and Art Performance for Residents’ held on West-Geochado Island in Jindo-gun, with about 80 residents. •        Traditional art masters presented excellent performances at the event, including Kang Eun-yeong’s Jindo Ssitgim-gut, followed by a grand feast as an after party. •        “This event, which has made the most of Jindo’s regional characteristics, produced good results, such as co-prosperity with the local communities,” said Kim Chun-geun, director of Maenggoldo Offshore Wind Power. “We’ll continue to actively develop and host events that can create harmony with residents.”   Oct 19, 2022 – A traditional art performance filled with exciting dance moves and songs was held at West-Geochado, a quiet island village located in Jindo-gun, South Jeolla Province. Maenggoldo Offshore Wind Power Co., Ltd. announced on October 12 that it had sponsored the ‘Traditional Culture and Art Performance for Residents’ held on West-Geochado Island, located in Jodo-myeon, Jindo-gun, South Jeolla Province. The performance, hosted by the West-Geochado Offshore Wind Promotion Committee (Chair Han Hyun-jae), took place in attempt for Maenggoldo Offshore Wind Power, which was promoting a 600-megawatt offshore wind project in the sea southwest of Maenggolgundo Island, Jindo-gun, to seek continued cooperation for co-prosperity with residents and create an opportunity for communication and harmony through art. In particular, October is designated by Jindo-gun as ‘Culture and Arts Month.’ It is deeply meaningful that the event was prepared with one heart and one mind by the residents, the municipality, and the company that is pushing forward an eco-friendly power generation project in the region. On that day, about 80 residents of East- and West-Geochado Islands enjoyed the excellent performances presented by masters of traditional arts that represented the artistic region of Jindo. The highlights of the event were Ssitgim-gut, a shaman ritual for cleaning dead person’s soul, and Jindo drum dance performed by Kang Eun-yeong, a master of National Intangible Cultural Heritage No. 72 Jindo Ssitgim-gut. Performances also included Mugahyang Momjit dance company’s fan dance; Heung Taryeong and Yukjabaegi songs presented by Park Dong-mae who held intangible cultural property of Namdodeul Norae, a traditional narrative ballad that was also a National Intangible Culture Heritage, and pansori master Lee Suk-yeong’s Sacheolga and Ssukdaemeori. The performances were followed by a grand feast of ganggang-sullae and a dance party, where everyone from the elderly aged more than 90 to elementary school students had fun together. “I am very pleased that all residents were able to gather and dance together. I can see a bright smile on all their faces,” said Lee Il-mi, chair of the West-Geochado women’s committee. “The performances were great. I wish there were more opportunities like this.” Kim Pan-sik, a 77-year-old resident, also said, “I enjoyed great food, watched great performances, and had a great time. I hope our beautiful West-Geochado becomes well known to the public.” “I wanted to give a decent feast that could enrich the soul of older residents who have lived only on the island while letting them enjoy the fun and performances,” said Han Hyun-jae, chair of the West-Geochado Offshore Wind Promotion Committee, who actively prepared the event. “I feel rewarded as they are much more satisfied than expected.” “This event, which has made the most of Jindo’s regional characteristics, seems to have produced good results for us to improve communication and cooperation with the residents of East- and West-Geochado Islands while effectively delivering the message of co-prosperity that we are pursuing,” said Kim Chun-geun, director of Maenggoldo Offshore Wind Power. “We’ll continue to actively develop and host events that can create harmony with residents.” Last year, Maenggoldo Offshore Wind Power signed cooperative agreements for co-prosperity with the West-Geochado Offshore Wind Promotion Committee and the East-Geochado Offshore Wind Promotion Committee (Chair Cho Kwang-won, respecitvely, and pledged to continue to cooperate with the local communities in the project promotion process. In the same year, the committee members and residents discussed how to implement the project in a way tailored to the region’s circumstances after they had toured advanced offshore wind farms in Jeju Island and visited nearby fishing and other villages to improve their understanding of offshore wind projects. Photo 1) Maenggoldo Offshore Wind Power announced on October 12 that it had sponsored the ‘Traditional Culture and Art Performance for Residents’ held on West-Geochado Island in Jindo-gun, South Jeolla Province.Photo 2) On October 12, the villagers of East- and West-Geochado Islands enjoyed the ‘Traditional Culture and Art Performance for Residents’ sponsored by Maenggoldo Offshore Wind Power.Photo 3) On October 12, the villagers of East- and West-Geochado Islands enjoyed the ‘Traditional Culture and Art Performance for Residents’ sponsored by Maenggoldo Offshore Wind Power. 
Corio and TotalEnergies Conduct Marine Environmental Education Campaign ‘Together with Ocean’ at Ulsan Okseo Elementary School

Sep. 26 2022

“Let’s learn how to save the ocean with marine environmental education and upcycling experience!”   •        In collaboration with the National Ocean Science Museum, Corio and TotalEnergies conducted a marine environmental education campaign, ‘Together with Ocean’, at Ulsan Okseo Elementary School. •        The campaign combined a lecture on marine environment preservation and an upcycling using marine debris. •         ‘We Protect You’ plogging kits were provided to the students to encourage their voluntary participation in beach clean-up activities. •        Corio and TotalEnergies said: “We will continue to work on activities that support future generations, the local community and the environment.”   [2022. 09. 26] Corio Generation, a portfolio company of the Green Investment Group (GIG), and TotalEnergies, a global multi-energy company, announced on September 26 that they conducted the campaign, titled ‘Together with Ocean,’ where students can learn the significance of marine environment, at Ulsan Okseo Elementary School in collaboration with the National Ocean Science Museum (Director Seo Jang-wu). The marine environmental education campaign ‘Together with Ocean (Subtitled: #We Promise You #We Protect You #We are With You),’ sponsored by Corio and TotalEnergies, the developers of the floating offshore wind projects located off the coast of Ulsan Metropolitan City, is a local ESG program designed in order for future generations including elementary school students to learn about waste circulation as well as the gravity of marine debris that threatens the ocean’s ecosystem. Comprised of two sessions, the ‘Together with Ocean’ campaign was held on September 22 and 23 for two classes of third graders at Okseo Elementary School, which was designated as the model elementary school for ‘Core School for Carbon-Neutrality’ in 2021by six ministries including the Ministry of Environment and the Ministry of Education. For the first session, the National Ocean Science Museum (KOSM), the only institution in Korea that offers education and exhibitions of marine science, conducted the ‘Marine Plastic ZERO’ class focused on enhancing the awareness of blue carbon and the importance of the ocean for carbon neutrality. The second session was a hands-on education program, titled ‘Upcycling the Ocean Waste’ and prepared by Corio and TotalEnergies, where the students enjoyed an upcycling experience by making their own unique magnets out of sea glass, the broken pieces of glass thrown in the ocean. Combining a lecture and a firsthand experience, the program boosted the students’ interest in marine conservation activities by having them recognize the significance of marine environment and perform an activity themselves to protect the ocean environment. In addition, the ‘We Protect You’ plogging kits were provided to the students to encourage their voluntary participation in the clean-up activities by the river or at the beach in their neighborhood, taking advantage of Ulsan’s location near the water. In a joint statement, Corio and TotalEnergies, the sponsors of the campaign, said: “We find it very meaningful that we were able to conduct this valuable campaign in collaboration with KOSM, which allowed us not only to promote the importance of marine environment conservation to future generations living in the era of climate crisis but also to think about the ways to preserve the marine ecosystem. We will continue to work on the ESG activities that enable us to help future generations, the local community, and the environment while communicating and growing together with the local society.” The lecturer from KOSM who participated in the campaign said: “Starting off with this campaign at Okseo Elementary School, the core school for carbon neutrality, we will actively work on expanding the education opportunities to enable the young generations, who are now faced with the species-wide challenge of carbon neutrality, to understand the value and significance of the ocean as soon as possible and to make progress towards carbon neutrality through marine environment preservation. We would like to thank Corio and TotalEnergies for providing us with a worthwhile opportunity.” Centering on Ulsan, Corio and TotalEnergies are continuously expanding ESG activities for a sustainable future and co-prospering development with the local community. Last May, they sponsored the eco-friendly program ‘Eco Mom! Happy Kids!’ operated by the Ulsan Nam-gu Community Welfare Center. Also in July, they sponsored the production of ChildFund Korea’s environmental education kit ‘Bag to the Green. Meanwhile, Corio and TotalEnergies are co-developing more than 2GW of offshore wind projects in Korea under the joint brand name of ‘BadaEnergy,’ and SK ecoplant recently joined as a new partner. BadaEnergy is currently promoting five offshore wind projects in the country, which include the floating offshore wind projects located off the coast of Ulsan (Project name: Gray Whale 1, 2, 3) with a total capacity of 1.5GW.Photo 1) In collaboration with the National Ocean Science Museum, Corio and TotalEnergies conducted a marine environmental education campaign, ‘Together with Ocean’, at Ulsan Okseo Elementary School on September 22 and 23.Photo 2) In collaboration with the National Ocean Science Museum, Corio and TotalEnergies conducted a marine environmental education campaign, ‘Together with Ocean’, at Ulsan Okseo Elementary School on September 22 and 23.Photo 3) In collaboration with the National Ocean Science Museum, Corio and TotalEnergies conducted a marine environmental education campaign, ‘Together with Ocean’, at Ulsan Okseo Elementary School on September 22 and 23.Photo 4) In collaboration with the National Ocean Science Museum, Corio and TotalEnergies conducted a marine environmental education campaign, ‘Together with Ocean’, at Ulsan Okseo Elementary School on September 22 and 23. 
Corio and TotalEnergies Welcome SK ecoplant to Offshore Wind Portfolio

Sep. 06 2022

 •         South Korea’s BadaEnergy portfolio includes more than 2 GW of floating and fixed-bottom offshore wind farms •        SK ecoplant will partner with Corio Generation and TotalEnergies to jointly develop the portfolio•        Portfolio includes the 1.5 GW Gray Whale, expected to become one of the world’s largest floating offshore wind developments September 6, 2022 – Corio Generation, a Green Investment Group portfolio company, and TotalEnergies will join forces with SK ecoplant to develop the BadaEnergy offshore wind portfolio in South Korea. SK ecoplant will acquire a stake in the portfolio, subject to the completion of government approvals.   The BadaEnergy portfolio comprises more than 2 GW of floating and fixed-bottom offshore wind farms off the coast of Ulsan and South Jeolla province. This includes the 1.5 GW Gray Whale project, expected to become one of the world’s largest floating offshore wind developments.  Leveraging its offshore engineering, procurement and construction expertise, leading South Korean company SK ecoplant will join the partners in taking the projects from early planning through licensing and construction to operation. The partnership with SK ecoplant will provide an opportunity to develop the BadaEnergy projects to the highest standards, with a high level of local content. In this way, the projects will boost local industry, create jobs in South Korea and contribute to the supply of green electricity at a competitive price. Woojin Choi, Representative Director of Corio Generation Korea said: “SK ecoplant's broad experience and excellent capabilities in offshore development will serve as a great driving force for constructing offshore wind in South Korea, including one of the world's largest floating offshore wind developments. In order to support the country’s ambition to lead the way in offshore wind, we will have a dedicated focus on the localisation of capital, finance and technology.” Jungwon Shin, Country Chair Korea of TotalEnergies said: “We are delighted to welcome SK ecoplant, a well-known and leading South Korean company, to the BadaEnergy offshore wind power portfolio as a joint developer. Its participation will help to accelerate the development of our projects and to build a strong relationship with the local economy, creating jobs, and building an ecosystem for the South Korean offshore wind power industry and its supply chain. We are very keen to expand our long-term cooperation with South Korea to contribute to the diversification of its energy mix.” Kyung-il Park, CEO of SK ecoplant said: “By jointly developing the offshore wind business with global energy companies, we have laid the foundation to become a major player in the market. We have completed the overall value chain of the energy business by achieving rapid growth through intensive investments in the renewable energy sector such as offshore wind, solar, and fuel cells.”  To-date, four of the five wind farm projects in the BadaEnergy portfolio have been granted electric business licenses (EBLs) from the Ministry of Trade, Industry and Energy's Electricity Regulatory Commission. With exclusive development rights on the vast majority of the portfolio now secured, the partners are progressing the projects up to first commercial operation date (COD) by 2027.   Photo) Signing ceremony between BadaEnergy partners, September 2022.  Pictured (left to right): ·      Woojin Choi, Representative Director, Corio Generation Korea ·      Jungwon Shin, Country Chair Korea, TotalEnergies ·      Kyung-il Park, CEO, SK ecoplant ·      Wangjae Lee, Managing Director, Eco Energy Business Unit, SK ecoplant 
Engineering Firms Selected for Ulsan Gray Whale Floating Offshore Wind Project

Aug. 11 2022

•       Contractors selected to perform front-end engineering design for the Ulsan floating offshore wind project Gray Whale 3.•       Joint project developers Corio Generation and TotalEnergies selected two engineering groups: Hyundai Heavy Industries-Doris Engineering and Technip Energies-Samkang M&T-Subsea 7. 2022. 8. 11, Seoul – Corio Generation, a wholly owned Green Investment Group (GIG) portfolio company, and TotalEnergies, a global multi-energy company, announced on 11 Front-End Engineering Design (FEED) contracts for Gray Whale 3, one of three Ulsan floating offshore wind projects.  Gray Whale 3, a planned 504 MW wind farm around 60 to 70 kilometers from Onsan Port, is one of three floating offshore wind farms totaling 1.5 gigawatts being developed by Corio and TotalEnergies off the coast of Ulsan. Two groups of contractors have now been selected for Gray Whale 3: one group is Hyundai Heavy Industries and Doris Engineering, and the other group is Technip Energies, Samkang M&T and Subsea 7. The two groups will perform FEED services for floater, mooring and inter-array cables in collaboration with a wind turbine supplier. The contracts award will build a collaborative partnership between the European and Korean companies. This reflects Corio and TotalEnergies’ aim to share advanced experience and technology, support the local supply chain in South Korea, and support the development of the country’s offshore wind industry. Corio and TotalEnergies aim to bring world class fabrication know-how from early stage of engineering. It is fundamental to industrialize the fabrication processes in order for the floating industry to become cost effective. This approach leverages the skills of all parties to successfully complete the FEED stage. “The Ulsan floating offshore wind project can serve as an exemplary case in building and expanding Korea’s offshore wind industry, local technology and know-how. This will provide an opportunity for the Korean companies which participated in the tender to secure a competitive edge in the global offshore wind power market,” Corio and TotalEnergies said.   Corio and TotalEnergies are co-developing offshore wind projects with a total capacity of more than 2 gigawatts in Ulsan City and South Jeolla Province (Geomundo and Maenggoldo). The Geomundo project, as with the Gray Whale projects in Ulsan, was recently granted an electricity business license.  Photo) Corio and TotalEnergies are co-developing offshore wind projects with a total capacity of more than 2 gigawatts in Ulsan City and South Jeolla Province (Geomundo and Maenggoldo).