South Korea
South Korea was one of the first countries in Asia-Pacific to adopt a national target to reach carbon neutrality by 2050.
Energising Korea with offshore wind
Corio Generation is developing 3.2 GW of offshore wind projects in South Korea across two portfolios: the BadaEnergy portfolio and the Busan portfolio.
BadaEnergy
The BadaEnergy portfolio, a joint venture of Corio, Total Energies and SK ecoplant plans to develop more than 2.6 GW of floating and fixed-bottom offshore wind farms off the coast of Ulsan and South Jeolla province.
This comprises the Gray Whale, Maenggoldo and Geomundo projects. The 1.5 GW Gray Whale project is expected to become one of the world’s largest floating offshore wind developments. Visit the BadaEnergy website
Busan
The Busan portfolio will address a market in Busan Metropolitan City with heavy electricity consumption and strong grid capacity. Corio is in discussion with local companies and supply chains to maximise localisation for this fixed-bottom portfolio of projects.
South Korea news
“In order to support Korea’s ambition to lead the way in offshore wind, we will have a dedicated focus on the localisation of capital, finance and technology.”
Woojin Choi
Head of South Korea, Corio Generation
Determined to make a positive impact
As one of the world’s leading offshore wind developers, Corio Generation is expertly placed to support the energy transition in South Korea.
Bringing together a sector-leading team of industrial, finance, development and asset management experts, Corio has one of the largest offshore wind development portfolios, standing at more than 30+ GW worldwide. Read more.
Corio Generation is a portfolio company of Macquarie Asset Management operating on a standalone basis.
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We are developing projects across Europe, Asia-Pacific and the Americas
