British BP and others invest $1.16 billion in offshore wind power in South Korea

It was revealed on the 22nd that British oil giant BP and other companies will invest $1.16 billion (approximately 173 billion yen) in offshore wind power generation projects in South Korea. South Korea's Yoon Seo-gyeol
) The announcement was made to coincide with the president's visit to the UK, and the South Korean government says it will strengthen cooperation with the UK in the renewable energy field.
The investment was declared by BP and Green Investment Group, a global company with offices in the UK.
Corio Generation, an offshore wind development company affiliated with Group (GIG). BP will expand its renewable energy business in South Korea by investing in an offshore wind farm being developed on the south coast. Corio・
Generation is currently constructing eight offshore wind power plants with a total capacity of 2.9 gigawatts (GW) in southern South Korea, including Busan, Ulsan, and Jeollanamdo.
The company plans to accelerate its business with this investment. Bang Mun-gyu, Minister for Industry, Trade and Resources, said: ``These investments support ongoing collaboration between the UK and carbon-free energy as we aim to become carbon neutral.''
He expressed his expectation that the project would ``contribute to the development of South Korea's offshore wind industry ecosystem.'' According to South Korea's Ministry of Trade, Industry and Resources, these investments will result in the construction of tower structures, turbines and power cables.
It is expected that orders from Korean companies will increase in the core equipment field, such as equipment.