South Korea’s ODIN, G8 partner to develop offshore, marine RE projects

The companies seek to develop a charging tower powered by wind amongst others.

South Korean wind energy producer ODIN has entered into an agreement with Singapore-based technology company G8 to develop offshore and marine renewable energy projects across the globe.

Under the Memorandum of Understanding (MoU, the companies are expected to develop a charging tower powered by wind. The multi-layered cylindrical tower will also enable recharging, real-time interconnectivity, as well as smart peak power consumption management. 

It is noted also that the venturi and vortex effect on the opposite side of the tower creates gusts of wind and increases wind speed, making it the world's first renewable energy technology to maximize power efficiency. 

Moreover, the rooftop of the tower will be used for various functions related to its commercial enterprise; whilst the lowest levels host an energy-generating layer that could potentially be used to power infrastructure projects in urban areas and offshore islands. 

“We will utilize this proven technology to increase the efficiency and capacity factor of wind power generation for our Island Power and offshore based systems.” Gerald Tan, Managing Director of G8 Group said. G8 Energy has responded to the strong demand for renewable energy by accelerating investment in the industry.