Areva and Kepco will cooperate in renewable energy
Sign a a Memorandum of Understanding.
French multinational engineering firm Areva SA and South Korea's largest utility, the Korea Electric Power Company or Kepco, said the MOU will see both companies identify commercial opportunities in its fields of expertise in renewable energy: offshore wind, energy storage, concentrated solar power, and biomass.
They have, however, agree to focus their collaboration in Southeast Asia on promoting biomass. Areva supplies integrated technological solutions and benefits from its experience in the renewable sector with over 2,500 MW of bioenergy installed; 300 MW in concentrated solar power projects and 600 MW of offshore wind currently being installed.