German-based Global Renewables Shipbrokers (GRS) has announced a strategic partnership with South Korean wind project development consultancy SerFac.
The aim of the cooperation is to provide project development of offshore windfarm projects in South Korea at a time when wind energy is gaining importance. Total capacity is set to increase by an overall 12,000 MW in the coming 11 years.
GRS will support contract negotiation across all value creation stages of project development, will manage the chartering of all vessels and crews required, as well as the contracting of all further offshore service providers.
“The moment for market entry to South Korea is ideal,” explained Matthias Mross, managing partner at GRS. “The South Korean government has ambitious plans for the expansion of offshore wind energy and will be providing us with a lot of opportunities in the coming years. Building on our experience and expertise, we can ensure that mistakes will be avoided and expansion targets achieved”.
Namhee Lim, managing director at SerFac, said: “We are very happy to have found a partner with GRS who is experienced in wind energy on a global scale. The synergies created will enable us to keep on pushing our expansion in the growing offshore wind energy market in the Asiatic Pacific region.”
The partnership comes shortly after the South Korean energy ministry announced its intention to boost its renewable energy share in electricity generation by 20 per cent by the year 2030. This further corresponds to an increase in generation capacity from the current 11,000 MW to around 58,500 MW.