September 1, 2020 Read More →

South Korean wind projects planned by Macquarie-Total partnership

Interesting Engineering:

Macquarie’s Green Investment Group and the French energy group Total have partnered up to develop five large offshore wind projects for South Korea, according to a Tuesday press release from the Institute for Energy Economics and Financial Analysis. 

Oil companies like Total have increased investments in renewable projects — hoping to reduce the global reliance on fossil fuels and increase their commitment to low-carbon investments, reports Reuters.

The partnership includes wind projects with a potential combined capacity of roughly 2.3 gigawatts (GW), with Macquarie and Total aiming to start building the first project of roughly 500 megawatts before the end of 2023.

“Our entry in the floating offshore wind segment in South Korea is in line with Total’s strategy to profitably develop renewable energy worldwide and contribute to our net zero ambition,” said CEO and Chairman Patrick Pouyanné, Reuters reports. 

[Brad Bergan]

More: Total, Macquarie Planning 2.3-GW Joint South Korea Wind Power Projects

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