- GIG and TotalEnergies are developing 400MW Offshore wind (“OSW”) project near Maenggoldo island- Executing cooperation agreement to closely engage with stakeholders from the early stage of the project development    (June 22, 2021) – GIG, a global leading green energy development and investment company, and TotalEnergies, a broad energy company that produces and markets energies on a global scale, have executed the Cooperation Agreement with the East-Geochado OSW Promotion Committee on June 15 to develop a 400MW OSW project in the southwest sea of the Maenggoldo island, Jindo County, South Jeolla Province.   Maenggoldo Offshore Wind Power Co., Ltd. (whole owned subsidiary of the GIG and TotalEnergies) announced that they are executing this agreement to fully communicate with the relevant stakeholder, the East-Geochado OSW Promotion Committee from the very beginning stage of the development. GIG and TotalEnergies also executed the Cooperation Agreement with the Maenggoldo OSW Promotion Committee last April.   GIG and TotalEnergies and the Committee specified detailed methodology to develop offshore wind farm that can co-exist with local society. The agreement says the Committee agrees on the OSW development activities and cooperates necessary supports, and the GIG and TotalEnergies shall diligently discuss the community contribution and damage compensation that may be caused by the OSW construction and operation with the Committee.   The chairman of the Committee, Mr. Kwang-Won Cho, said “As a result of this Signing Ceremony villagers could better understand the OSW business. And we hope to develop the project in a way that can benefit all the parties including residents, fishermen and the developer.”  GIG and TotalEnergies are developing 800MW in Jeonnam region and 1.5GW in Ulsan region, a total of 2.3GW capacity of floating OSW projects. Through the floating OSW project development, GIG and TotalEnergies are planning to promote Korean shipbuilding and marine plant industry, which is experiencing a downturn nowadays, by cooperating with shipyards, heavy industries, and related supply chains. Photo 1) GIG and TotalEnergies have executed the Cooperation Agreement with the East-Geochado OSW Promotion Committee on June 15.Photo 2) GIG and TotalEnergies have executed the Cooperation Agreement with the East-Geochado OSW Promotion Committee on June 15. 

lGIG and TotalEnergies have offered scholarships to three outstanding students from the Ulsan Institute of Science and Technology. lThe scholarships form part of the Ulsan floating offshore wind farm’s cooperation program with the university.l“We are committed to helping deliver the Korean government’s ‘Green New Deal’, revitalizing local economies and creating jobs,” GIG and TotalEnergies official said. (June 15, 2021) Green Investment Group (GIG), a leading global green energy development and investment company, and TotalEnergies, a broad energy company that produces and markets energies on a global scale, announced on June 15 that they have awarded scholarships to three outstanding students from the Graduate School of Interdisciplinary Management at the Ulsan Institute of Science and Technology (UNIST). The scholarships form part of the Ulsan floating offshore wind farm’s cooperation program with the university. Currently under development by GIG and TotalEnergies, and located around 60 kilometers offshore from Ulsan Port, the Ulsan floating offshore wind farm has a maximum installed capacity of 1.5 GW. The project will be built out in three phases, with the first phase of 500 MW targeted for development completion in 2023. While moving forward with the construction of the wind farms, GIG and Total 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. As part of the MOU, GIG and TotalEnergies are delivering a lecture series on floating offshore wind, funding scholarships and supporting internship programs; UNIST is working with the partners to develop the curriculum; and the Ulsan Metropolitan City is providing administrative support. “We’re very grateful to GIG and TotalEnergies for sharing their expertise through our cooperation program. The ability to learn first-hand from two of the industry’s leading players is an invaluable opportunity for the next generation of Korea’s offshore wind industry leaders,” UNIST Vice-President Lee Jae-yong said.  “GIG and TotalEnergies are committed to helping deliver the Korean government’s ‘Green New Deal’, revitalizing local economies and creating jobs. Our goal is for the Ulsan wind farms to support the global transition to net zero, while simultaneously creating opportunities for economic and skills development across the region. We’re delighted to offer these scholarships to three outstanding students and are proud to be playing a small role in their offshore wind journey,” an official at GIG and TotalEnergies said.  Photo 1) GIG and TotalEnergies have awarded scholarship to outstanding students from UNIST as part of the industry-university cooperation program for the Ulsan floating offshore wind farms project.Photo 2) GIG and TotalEnergies have awarded scholarship to outstanding students from UNIST as part of the industry-university cooperation program for the Ulsan floating offshore wind farms project. 

lHave agreed to actively cooperate with each other to construct the Ulsan floating offshore wind farms, together with companies specializing in shipbuilding and offshore plants in Ulsan, Busan, and South Gyeongsang ProvincelCreate an industrial ecosystem for the new growth engine by securing source technologies for the floating offshore wind power farms, which is being promoted for the first time in Korea lEstablish a supply system in Korea for the infrastructure and the supply equipment industry, which are the key to the construction commencement of the offshore wind power farms lDevelop localized technologies in design, manufacturing, transportation, installation, maintenance, and repair fields; and secure infrastructure for more local equipment and experts l“The project for the construction of the Ulsan floating offshore wind farm is the core of Korea’s plan to achieve carbon neutrality by 2050 and Ulsan’s energy transition”   (June 10, 2021) – Green Investment Group (GIG), a global leading green energy development and investment company, and TotalEnergies, a France-based global energy company, issued on June 9 a joint declaration for cooperation with the Ulsan Council for Floating Offshore Wind Power Supply Chain in order to construct Korea's first floating offshore wind farms in the city.   GIG and TotalEnergies announced that the council and the companies, together with other private investment and development companies, adopted the joint declaration for cooperation to ensure that they would actively cooperate with each other in the creation of the offshore wind power farm at the signboard installment ceremony of the council held at the Ulsan Techno Industrial Complex on the same day, attended by Ulsan Metropolitan City Mayor Song Cheol-ho and officials from relevant entities, such as Ulsan Techno Park.   The Ulsan Council for Floating Offshore Wind Power Supply Chain is composed of companies specializing in shipbuilding and offshore plant equipment in Ulsan, Busan, and South Gyeongsang Province. Currently, it is operated with 80 member companies and plans to accept 300 more companies as members by the end of this year.   According to this joint declaration, the council and private investment and development businesses, such as GIG and TotalEnergies, have agreed on securing source technologies for the construction of the floating offshore wind farms in Ulsan, which are being promoted for the first time in Korea, to create an industrial ecosystem for a new growth engine in Ulsan.   In addition, they will work with each other to establish a supply system for the infrastructure and the supply equipment industry in Korea, which are the core of the construction commencement of the Ulsan floating offshore wind power farms, and at the same time, develop localized technologies in fields, such as design, production, transportation, installation, maintenance, and repair of the floating offshore wind farm, and secure the infrastructure for more domestic equipment and local experts.   The joint declaration states that the Ulsan floating offshore wind projects are the key to energy transition in Ulsan, and will serve the purposes for Korea to achieve carbon neutrality by 2050 and install an offshore wind farm with capacity of a total of 12 gigawatts by 2030.   In this regard, "The core policy of the construction project is aimed to revitalize the local economy and create jobs in the region through localization," GIG and TotalEnergies said. "Since floating offshore wind power generation is closely related to the shipbuilding and offshore plant industries, we will establish a supply chain for materials, parts and equipment in Ulsan, Busan and South Gyeongsang Province and promote the floating offshore wind power development projects by utilizing the shipbuilding and offshore plant infrastructure already established in the regions.”   "A number of experts in offshore, wind power, electricity, and finance are required to build and manage a floating offshore wind farm for thirty years," GIG and TotalEnergies added. “It is estimated that a total of 21,837 new jobs will be created by the 1.5-gigawatt offshore wind farms that GIG and TotalEnergies are seeking to build."[1]   GIG and TotalEnergies are constructing a floating offshore wind farm with a capacity of a total of more than 1.5 gigawatts in three phases in the waters 60 kilometers away from Ulsan Port (formerly East Sea Jeong Dumping Area). [1] Source: Socio-economic Impact Study of Offshore Wind (QBIS, 2020. 7.) – An offshore wind farm creates 14,558 jobs per gigawatt Photo 1) GIG and TotalEnergies issued on June 9 a joint declaration for cooperation with the Ulsan Council for Floating Offshore Wind Power Supply Chain in order to construct Korea's first floating offshore wind farms in the city.Photo 2) GIG and TotalEnergies issued on June 9 a joint declaration for cooperation with the Ulsan Council for Floating Offshore Wind Power Supply Chain in order to construct Korea's first floating offshore wind farms in the city.  

- With the ChildFund Korea, they delivered 11 units of drones, an extra-large inflatable swimming pool, and 500 books.- GIG and Total pledge to continue providing a variety of supports for local residents of Geomundo.   (May 4, 2021) – Green Investment Group (GIG), a global leading green energy development and investment company, and Total, a broad energy company, announced that they donated 11 units of drones, an inflatable swimming pool, and 500 children's books to Yeosu Geomun Elementary School in South Jeolla Province in cooperation with the ChildFund Korea to mark Children's Day. Employees of GIG and Total visited the school with the staff of the ChildFund Korea ahead of Children’s Day and delivered one unit of DJI Phantom 4 Pro and 10 units of Shima 3D Flip Flying Drones, an extra-large inflatable swimming pool, and 500 children's books. They also donated 100 books to the Samsan-myeon Library in the region. GIG and Total (Geomundo Offshore Wind Power) are making various efforts to pursue co-prosperity with local residents while promoting a floating offshore wind project with a 500MW capacity off the coast of Geomundo in Yeosu. The donation is part of their efforts to contribute to the Geomundo community. “I am pleased at the useful gifts given by GIG-Total to the children of Yeosu Geomun Elementary School on Children's Day,” said the school principal Song Chun-dal. “An offshore wind development is a long-term project that lasts for 30 years,” an official from GIG and Total said. “In the process of the project development, we will come up with and provide various supports that can contribute to the local community while closely communicating with residents of Geomundo.”  Meanwhile, GIG and Total have signed a cooperative agreement with the Geomundo Villagers Committee comprised of local residents, for the smooth construction of the floating offshore wind project near the island.  Photo 1) GIG and Total have donated drones, an inflatable swimming pool and children's books to Yeosu Geomun Elementary School in South Jeolla Province to commemorate Children's Day.Photo 2) GIG and Total have donated drones, an inflatable swimming pool and children's books to Yeosu Geomun Elementary School in South Jeolla Province to commemorate Children's Day. 

- GIG and Total are developing a 500MW floating offshore wind project near Geomundo in South Jeolla Province.  - GIG and Total executed the agreement to thoroughly engage with the stakeholders from the early stage of the project development. - GIG and Total plan to discuss with Geomundo Villagers Committee regarding the compensation for the fisheries, after obtaining the electricity business license (EBL).   (April 30, 2021) – Green Investment Group (GIG) and Total signed a cooperative agreement with Geomundo Villagers Committee (“Committee”) on April 28 to develop a 500MW floating offshore wind project near Geomundo Island off the coast of Samsan-myeon in Yeosu City, South Jeolla Province.   GIG, a global leading green energy development and investment company, and Total, a broad energy company, are developing a 500MW floating offshore wind project off the coast of Geomundo Island, Yeosu.   GIG and Total said it executed the agreement to thoroughly engage with the Committee, which was one of the stakeholders, from the early stage of the project development. The Committee consists of six village heads representing six villages in the island (about 860 households) and one chairperson of the regional development committee of Samsan-myeon.   The agreement signed by the two and resident delegates included details of cooperation to promote the floating offshore wind project in a way co-prospering with the local community. The companies and the Committee reconfirmed commitments that the residents of Geomundo will be in favor of the offshore wind development project and provide necessary cooperation, and GIG and Total will have sincere discussions with the Committee on the compensation measures, including the one for the fisheries, that are related to the project development such as the installation of wind power generators after obtaining the electricity business license (EBL).   Kim Bo-hwan, Director of Geomundo Villagers Committee, said “We are expecting to promote the offshore wind project where local residents, fishermen, and the developer can harmoniously co-prosper through transparent and continuous communication and cooperation.” “We also plan to discuss the general measures to revitalize the local economy, such as creating additional income for the residents by establishing a travel route during the development, which connects Geomundo, the wind farm, and Baekdo Island,” he added.   GIG and Total are promoting floating offshore wind projects with a total installed capacity of 2.5GW, 1.0 GW of which in South Jeolla Province and 1.5GW in Ulsan. Through its floating offshore wind projects in Korea, GIG and Total plan to revitalize the stagnant shipbuilding and offshore plant industry of the country and contribute to job creation by closely cooperating with shipbuilding and heavy industry companies that possess world-class competitiveness in their fields. Photo 1) GIG and Total signed a cooperative agreement with Geomundo Villagers Committee to develop a 500MW floating offshore wind project near Geomundo Island in Yeosu, South Jeolla Province.Photo 2) GIG and Total signed a cooperative agreement with Geomundo Villagers Committee to develop a 500MW floating offshore wind project near Geomundo Island in Yeosu, South Jeolla Province.