Esbjerg and Ulsan Forge Offshore Wind Bond
Denmark's Municipality of Esbjerg has signed an agreement to establish cooperation in the field of offshore wind energy with South Korea's Ulsan Metropolitan City.
In February 2019, the Royal Danish Embassy in Korea entered a cooperation agreement on renewable energy with the Ulsan Metropolitan City.
Recently, Ulsan Metropolitan City has announced its objective to transform itself from a centre of shipbuilding into a new national hub for the offshore wind industry.
In Denmark, the Municipality of Esbjerg previously went through a similar transformation, and now serves as an international hub for the offshore wind. For this reason, the cooperation between both cities will focus on the field of offshore wind energy, especially on port development, regulation framework, academic research, O&M services, and floating foundation technology.
At the same time, the Danish Energy Agency (DEA) has signed an Implementing Arrangement with the Korea Energy Agency to strengthen the cooperation on renewable energy and further the green transition in South Korea.
The arrangement is signed under the framework of the Memorandum of Understanding between the Danish Ministry of Energy, Utilities and Climate and the Korean Ministry of Trade, Industry and Energy, from November 2018.
Denmark and Korea have worked under the Green Growth Alliance since 2011 with a joint commitment to promote a paradigm shift towards green and low-carbon economic growth through political, commercial, technological and research cooperation.
The South Korean government plans to establish 12GW of offshore wind power as part of the 16.5GW of new wind energy capacity to be installed by 2030. At the same time, Korean experience with technologies such as hydrogen gas and energy storage will provide valuable input for the improvement of the Danish energy sector, DEA said.