South Korea

Deep Wind Offshore currently has four projects in the country.

They are looking at working together on nuclear power plants and high-tech fronts.

It is expected to reach 46GW in 2032.

The company announced it will stop providing reinsurance to new coal mining or power plants.

State-owned electricity provider Korea Electric Power Corporation (KEPCO) may be running out of tricks to resolve its debt problems.

It aims to be a global hydrogen powerhouse.

The two markets aim to collaborate on oil and hydrogen.

It will stay the same in 2023 due to new nuclear and coal-fired plant start-ups.

The partnership is aimed to decarbonise the operations of KEPCO.

Areas of focus will include the enhancement of clean energy and data exchange.

South Korea is Oman’s largest LNG importer.

The MoU targets to “raise competitiveness through mutual growth.”

The project will start operations in Q1 2024.

The MoU seeks to decarbonise POSCO Group’s power generation.

This includes increasing the nuclear energy ratio to 30% by 2030.

This is the third largest wind farm project in South Korea.