•        Corio and TotalEnergies join hands with Bureau Veritas, a world leader in testing, inspection and certification, and its local partner KR to obtain project certification for the floating offshore wind farm in Ulsan.•        Project certification seeks to ensure that the floating offshore wind turbine design, and the consequent specific supplied units are manufactured, transported, installed and operated in compliance with certain requirements and are suitable for the specific site conditions.•        “We will secure the reliability and stability of the floating offshore wind project in Ulsan to ensure that it can be built stably in line with international standards, and furthermore, contribute to strengthening the competitiveness of Korea’s offshore wind technology industry,” Corio and TotalEnergies said. July 13, 2022 – Corio Generation(“Corio”), Green Investment Group’s new specialist offshore wind business, and TotalEnergies, a global multi-energy company, for the development of offshore wind projects in Korea, announced on July 13 that they have contracted with Bureau Veritas (BV), a world leader in testing, inspection and certification services, and its local partner Korean Register (KR) to achieve project certification of the Ulsan floating offshore wind farm. Project certification is the process of assessing the conformity of a product, system or service with the requirements and characteristics outlined in a standard, specification or regulation. These standards or specifications are published by recognized international bodies such as ISO, IEC, etc. and serve to provide proof that a product, system or service is safe and performs as promised. Unlike the certification of specific systems, such as wind turbines and marine units, certification is not a mandatory administrative requirement, but provides higher credibility by guaranteeing consistency of design and construction in the overall development of the floating offshore wind farm as well as the comprehensive certification of the project. This project certification applies to the floating offshore wind project of the coast of Ulsan. The projects were granted an electricity business license (EBL) by February this year from the Electricity Regulatory Commission under the Ministry of Trade, Industry and Energy and have begun the procedure for the preparation of the projects. Corio and TotalEnergies, private developers of this project, are developing a joint project for offshore wind farms with a total capacity of more than 2 gigawatts in Ulsan City and South Jeolla Province (Geomundo and Maenggoldo). A Memorandum of Understanding (MoU) between Bureau Veritas and Korean Register in March 2022 aimed at cooperation and relations to enhance competences and capacity by sharing of technologies, information and experiences in the field of floating offshore wind farms in the East Sea of Korea. It is expected that the MoU will help improve the industry standard as well as ensure the stable design, construction, and operation of the project by combining the expertise of KR for various knowledge and experience in Korea with BV’s global network and credibility in the testing and certification sector. “We hope that the project certification that we plan to acquire in cooperation with Bureau Veritas and KR will help us carry out the floating offshore wind project in line with domestic and international standards so that we can secure the reliability and stability of the project, and furthermore, contribute to strengthening the competitiveness of Korea’s offshore wind technology industry by making the project as an example of best practice,” Corio and TotalEnergies said.   “We are pleased to contribute through the project certification process to enabling floating offshore wind power to become a clean energy with reliability, stability, and growth potential,” KR said. “We will focus our capability on securing a competitive edge that will allow us to lead the global offshore wind power market by actively utilizing the expertise of both companies and thereby successfully carrying out the project certification process.”  Photo 1) Corio and TotalEnergies have contracted with Bureau Veritas and its local partner Korean Register to achieve project certification of the Ulsan floating offshore wind farm.Photo 2) Corio and TotalEnergies have contracted with Bureau Veritas and its local partner Korean Register to achieve project certification of the Ulsan floating offshore wind farm. 

 •        Corio Generation and TotalEnergies have partnered with the ChildFund Korea to support the ‘Eco Mom! Happy Kids!,’ an eco-friendly program operated by the Ulsan Nam-gu Community Welfare Center.•        ‘Eco Mom! Happy Kids!' is an activity-based program joined by children and their parents to raise awareness of environmental conservation and improve the water quality of the Yeocheon Stream.•        Corio and TotalEnergies have made a donation as part of their efforts for co-prosperity with local communities to share the significance of a sustainable environment with local community in Ulsan and to shoulder social responsibilities, and also plan to participate in voluntary works, such as plogging around the Yeocheon Stream.•        “I would like to express my deepest gratitude for their consistent interest and support since 2019 in creating a better environment for local communities and future generations in Ulsan,” said Oh Se-geol, Director of the Ulsan Nam-gu Community Welfare Center.•        Corio and TotalEnergies are carrying out floating offshore wind power projects with a total capacity of 1.5 gigawatts in Ulsan.  May 17, 2022 – Corio Generation(“Corio”), Green Investment Group’s new specialist offshore wind business, and TotalEnergies, a global multi-energy company, both of which participate in the floating offshore wind farm projects in Ulsan, announced on May 17 that they partnered with the ChildFund Korea and supported the ‘Eco Mom! Happy Kids!,’ an eco-friendly program operated by the Ulsan Nam-gu Community Welfare Center. The program aims to inform children and their parents of how serious environmental problems are and to clean up the environment to solve the problems. A series of environmental conservation activities, such as eco-friendly education, water quality monitoring, and plogging (gathering litter while running) will be conducted around the Yeochoen Stream for about nine months from April to December this year. The program was designed to make sure that people in local communities become local environmental activists who could take the lead in improving and protecting their village environment. This sponsorship was sought to share the significance of a sustainable environment with local community in Ulsan and to shoulder social responsibilities as part of the efforts that Corio and TotalEnergies are making for co-prosperity with local communities. Having made a donation to the ‘Eco Mom! Happy Kids!' program, the two companies will voluntarily participate in the plogging event to be held around Ulsan Yeocheon Stream in June. “Corio and TotalEnergies have provided us with consistent support by helping improve children’s classrooms at the welfare center and sending gifts to mark Children’s Day in 2019 and 2020,” said Oh Se-geol, director of the Ulsan Nam-gu Community Welfare Center. “This year, they have taken one step further. I would like to express my deepest gratitude for their interest in creating a better environment for local communities and future generations in Ulsan and for helping residents carry out environmental improvement activities.” “I am pleased to work with local communities in Ulsan to create a culture in which people become conscious of environmental protection and actively take on the responsibility,” Shin Jung-won, Country Chair of TotalEnergies Korea, said at the donation delivery ceremony. “We will spare no effort to create a healthier life for residents and a better future for children by thinking through how to address climate change and other environmental issues in cooperation with local communities.” Corio and TotalEnergies also plan to deliver the ChildFund Korea’s environmental education kits (a board game for recycling education) to local participants in the program and to provide education on carbon neutrality and offshore wind power generation. Corio and TotalEnergies, which have formed a joint business to develop a portfolio of 5 large floating offshore wind projects in Korea(BadaEnergy protfolio), have continued to progress the floating offshore wind projects with a total capacity of 1.5 gigawatts(project names, Gray Whale Offshore Wind Farm Ⅰ,Ⅱ,Ⅲ) in Ulsan, obtaining the electric business licenses (EBLs) for three off the coast of Ulsan by February this year from the Electricity Regulatory Commission under the Ministry of Trade, Industry and Energy. Photo 1) Corio and TotalEnergies have partnered with the ChildFund Korea and supported the ‘Eco Mom! Happy Kids!,’ an eco-friendly activity program operated by the Ulsan Nam-gu Community Welfare Center.Photo 2) Corio and TotalEnergies have partnered with the ChildFund Korea and supported the ‘Eco Mom! Happy Kids!,’ an eco-friendly activity program operated by the Ulsan Nam-gu Community Welfare Center. 

lGIG signed an MoU with Ulsan Metropolitan City and the British Embassy Seoul to revitalize the local economy and create quality jobs through the Ulsan floating offshore wind project.lGIG works with TotalEnergies, a global multi-energy company, to promote 1.5-gigawatt floating offshore wind farm projects off the coast of Ulsan, and under this agreement, plans to accelerate the localization of the project.lHead of GIG Korea Joanne Rhee says, “Through cooperation, we will actively support Ulsan so that the city, which is based on the traditional manufacturing industry, can transform itself into a clean energy hub by introducing wind power that is considered one of the next-generation energy sources.   (March 7, 2022) Green Investment Group (GIG), a global leading green energy development and investment company, signed a memorandum of understanding (MoU) on March 4 with Ulsan Metropolitan City Government and the British Embassy Seoul to promote interactive cooperation in the offshore wind project in Ulsan. The signing ceremony held at Ulsan City Hall was attended by Head of GIG Korea Joanne Rhee, Ulsan Metropolitan City Mayor Song Cheol-ho, and British Ambassador to Korea Colin Crooks LVO. They agreed to actively establish a mutual cooperative relationship to successfully carry out the Ulsan floating offshore wind project after obtaining the electricity business license (EBL), and consequently, to revitalize the local economy and create quality jobs in the city. Under this agreement, GIG will prioritize the revitalization of the local economy and job creation in the development process of not only Ulsan floating offshore wind project but also offshore wind and renewable energy projects to be it conducted in Korea. Ulsan Metropolitan City will actively provide administrative support to ensure that GIG can push forward the projects in cooperation with Korean companies.  In accordance with its policy of localizing all stages of offshore wind projects in Korea, GIG aims to revive the stagnant shipbuilding and offshore plant industries through active collaboration with shipbuilding and heavy industry-related companies in Ulsan and to revitalize the local economy in Ulsan by creating jobs. In addition, with this agreement as an opportunity, GIG plans to further accelerate the localization of its project. In September last year, GIG and TotalEnergies, a global multi-energy company that jointly develops the Ulsan floating offshore wind project, concluded an MoU with Ulsan Metropolitan City Government, universities and companies in the city, and the Korea Wind Energy Industry Association to localize the supply chain and equipment for the floating offshore wind project. In December of last year, GIG and TotalEnergies also signed an MoU with the Ulsan Chamber of Commerce and Industry and developers of the Ulsan floating offshore wind farm for mutual cooperation in and growth of the Ulsan floating offshore wind project. They are members of the Ulsan Floating Offshore Wind Power Committee. Currently, GIG and TotalEnergies are promoting 1.5-gigawatt floating offshore wind projects (project name: Gray Whale Offshore Wind Farm I, II, III) in public waters 60 kilometers east of Ulsan Port. They obtained the EBLs for Grey Whale II and III last year and for Grey Whale I in late February this year from the Electricity Regulatory Commission under the Ministry of Trade, Industry and Energy. “Our 1.5-gigawatt offshore wind power development project in Ulsan with TotalEnergies is going to take the first step in earnest as we have acquired the EBL for the project,” says Head of GIG Korea Joanne Rhee at the signing ceremony. “GIG’s development principle is the co-prosperity with the local economy and communities through localization of its projects, and we will actively support Ulsan with our partner TotalEnergies so that the city, which is based on the traditional manufacturing industry, can transform itself into a clean energy hub by introducing wind power that is considered one of the next-generation energy sources.” “Wind power is one of the main resources of renewable electricity in the U.K., and GIG has played a pivotal role in related businesses,” Colin Crooks, British Ambassador to Korea, also says. “We will spare no effort to support the Ulsan offshore wind project that GIG is promoting so that it will become a major renewable energy project in Ulsan.” Photo 1) GIG signed an MoU with Ulsan Metropolitan City and the British Embassy Seoul to promote interactive cooperation in the offshore wind project in Ulsan.Photo 2) GIG signed an MoU with Ulsan Metropolitan City and the British Embassy Seoul to promote interactive cooperation in the offshore wind project in Ulsan. 

GIG and TotalEnergies Sign a MoU with Ulsan Chamber of Commerce and Industries to Promote Mutual Cooperation and Growth for Ulsan FOSW Project   lUnder the MoU, GIG and TotalEnergies will be a participant in the ‘Ulsan Floating Offshore Wind Developers Committee’; the Committee to be consisting of the Ulsan Chamber of Commerce and Industries, and the five Ulsan floating offshore wind developers lShin Jungwon, Country Chair of TotalEnergies Korea, said: “Ulsan city has a tremendous potential with infrastructure and resources suitable for the floating offshore wind farm development such as unique set of local competencies, extensive shipbuilding know-how …We will work together with partners to make Ulsan grow as one of the prominent regions in the global FOSW markets.”   (December 9, 2021, South Korea) Green Investment Group (GIG), a global leading green energy development and investment company, and TotalEnergies, a global multi-energy company, signed a memorandum of understanding (MoU) on the 8th with the Ulsan Chamber of Commerce and Industries (UCCI) and the Ulsan floating offshore wind developers to promote mutual cooperation and growth for FOSW projects in Ulsan, and agreed to participate as a member of the ‘Ulsan Floating Offshore Wind Developers Committee.’   The newly organized Ulsan Floating Offshore Wind Developers Committee (the “Committee”) will be consisting of the Ulsan Chamber of Commerce and Industries (UCCI) and the five private developers - Gray Whale Offshore Wind Power (a joint company from GIG and TotalEnergies), Korea Floating Wind Power, Haewoori Offshore Wind, Firefly Floating Offshore Wind, and Munmubaram.   The signing ceremony was attended by Ulsan City Mayor Song Cheol-ho, Chairperson of UCCI Lee Yun-cheol, and the representatives from the five private developers. Through the agreement, the parties have pledged to actively forge cooperative relationship - UCCI plans to support the Committee’s activities, and the private developers will seek ways to foster a supply chain for the floating offshore wind project in Ulsan.   The 1.5GW-sized Ulsan floating offshore wind farm projects (project name: Gray Whale Offshore Wind Power I, II, III), now being developed by GIG and TotalEnergies, are located in public waters about 60km east from Ulsan Port. Once the projects are completed by its third phase, they are expected to make a big contribution to the achievement of ‘2050 Carbon-Neutral City Ulsan,’ the ‘vision of great energy transition’ declared by the city earlier this year. The projects are forecast to produce enough electricity to power the equivalent of 1.6 million households each year as well as to reduce carbon dioxide emissions by 2.3 million tons annually.   Especially with Gray Whale Offshore Wind Power project having obtained the first EBL for the floating offshore wind project from the Electricity Regulatory Commission at the Ministry of Trade, Industry and Energy (MOTIE) last July, followed by Gray Whale 3’s recent EBL obtainment, GIG and TotalEnergies plan to give traction to their projects by actively cooperating with Ulsan’s initiative, to revitalize the regional economy through the localization of supply chain and equipment for the Ulsan FOSW projects. Also, the companies aim to create a new ecosystem for the floating offshore wind industry in Korea by constantly expanding partnerships with heavy industry-related companies in Ulsan’s shipbuilding and offshore plant sector, which have the world’s best technology and experience, and to contribute to the revitalization of local economy and job creation by directly hiring people in Korea for the project. As part of this plan, GIG and TotalEnergies had signed a memorandum of understanding(MoU) with UNIST in January 2021 to design and deliver a training program which would develop local expertise in floating offshore wind and further support job creation in the region. The lecture series on the floating offshore wind, scholarships and internship programs had been developed together with UNIST. In addition to that, GIG and TotalEnergies also had signed a memorandum of understanding(MoU) for local supply chain and equipment development for the FOSW projects in Ulsan last September with the Ulsan metropolitan city government, the city's regional universities and companies, and the Korea Wind Energy Industry Association (KWEIA).  “As installation and transport take up large portion of the floating offshore wind farm, Ulsan city has a tremendous potential with infrastructure and resources suitable for the floating offshore wind farm development such as unique set of local competencies, extensive shipbuilding know-how,” said Shin Jungwon, Country Chair of TotalEnergies Korea, at the signing ceremony of MOU with UCCI. “TotalEnergies has built a long-established relationship with Korean Shipyard with most of TotalEnergies’ offshore platforms and carriers built at the shipyards in Geoje and Ulsan. Leveraging its experience and strong partnership with Korea’s heavy industry, we will work together with partners to support the local supply chain and to make Ulsan grow as one of the prominent regions in the global FOSW markets.” Photo 1) GIG and TotalEnergies signed a memorandum of understanding (MoU) on the 8th with the Ulsan Chamber of Commerce and Industries (UCCI) and the Ulsan floating offshore wind developers.Photo 2) GIG and TotalEnergies signed a memorandum of understanding (MoU) on the 8th with the Ulsan Chamber of Commerce and Industries (UCCI) and the Ulsan floating offshore wind developers. 

GIG and TotalEnergies Organizing Visit to Advanced Offshore Wind Farm for Residents of Maenggoldo and Geochado Seeking to Facilitate Communication with the Residents as well as Develop the Local Community   lGIG and TotalEnergies organized a field trip to the Hanrim and Tamra offshore wind farms and nearby community in Jeju together with the Maenggoldo and Geochado villagers’ committees and local residents while seeking to develop the local communitylGIG and TotalEnergies are pushing forward the offshore wind projects with a total of 2.5-gigawatt capacity, including 1-gigawatt wind farm in South Jeolla Province and a 1.5-gigawatt wind farm in Ulsan   (November 26, 2021) – Green Investment Group (GIG), a global leading green energy development and investment company, and TotalEnergies, a broad energy company, announced that they organized a three days of field trip to the advanced offshore wind farms in Jeju by visiting nearby villages and fishing villages with the residents of Maenggoldo and Geochado in Jindo-gun, South Jeolla Province, 2 times respectively, from November 10 to 23.   This tour has been prepared to facilitate communication with local residents of villages near the 400-megawatt offshore wind power complex, which GIG and TotalEnergies are promoting in the southwest coast of Maengoldo and also to ensure co-prosperity with the local community from the early stage of the project for building the complex.   During the three-day tour from November 10, the Maenggoldo Villagers Committee and local residents of the islands visited the advanced Hanrim and Tamra offshore wind farms in Jeju. They shared diverse opinions while discussing ways to make sure that the creation of an offshore wind power complex could be practically helpful to the residents. The East and West Geochado Villagers Committees and the residents also participated in the tour from November 21 to 23 to enhance their understanding of the offshore wind farm project being promoted in the region and to explore a development plan suitable for their local conditions.    GIG and TotalEnergies are focusing their efforts on enhancing communication with local residents. Last April, they signed a cooperative agreement with the Maenggoldo Villagers Committee and pledged to establish specific cooperation goals to pursue co-prosperity with the fishery and aquaculture industry of the region while promoting the offshore wind farm project.   GIG and TotalEnergies also made cooperative agreements with the East and West Geochado Villagers Committees in June and July, respectively. Under the agreements, the two companies will make the project a model case of wind farm through continuous communication and cooperation with the local communities across all stages of the project. To this end, the committees will provide necessary cooperation to develop the offshore wind project, while the two companies will sincerely negotiate with the committees, on measures to ensure that the project coexists with the fishery industry and compensates for fishery loss, etc.    During the tours, “I’ve only heard of the offshore wind farm but had no idea how it will look like, I finally realized it from the operating wind farm in front of my eyes. I was able to witness the various effect that an advanced offshore wind farm could bring to the development of a local community,” said Lim Cheon-dong, the chairperson of the Maenggoldo villagers committee. “It was a meaningful time for us to have discussions with the residents of the villages near those wind farms and we could think over some concrete measures to revitalize our community and cooperate with the project developer to ensure the desirable development of Maenggoldo community.”   “We are confident that the Maenggoldo project can be an example of offshore wind farm co-existing harmoniously with the local community, accelerating permitting process including firstly Electrical Business License thanks to the strong support of local residents.” Jo Kwang-won and Han Hyun-Jae, the chairpersons of East and West Geochado villagers committees added their voices.   GIG and TotalEnergies are carrying forward projects to establish offshore wind farms with a total capacity of 2.5 gigawatts, including a 1-gigawatt wind farm near Geomundo in Yeosu city and Maenggoldo in Jindo-gun, South Jeolla Province, and a 1.5 wind farm in the east coast of ​​Ulsan Metropolitan City. Photo 1) GIG and TotalEnergies organized a field trip to the Hanrim and Tamra offshore wind farms and nearby community in Jeju together with the Maenggoldo and Geochado villagers’ committees and local residents while seeking to develop the local community.Photo 2) GIG and TotalEnergies organized a field trip to the Hanrim and Tamra offshore wind farms and nearby community in Jeju together with the Maenggoldo and Geochado villagers’ committees and local residents while seeking to develop the local community.