A UK energy consultancy firm has been chosen to collaborate with a Korean University for an offshore wind project.
The British embassy in Seoul chose IT Power to share its knowledge with Korea Maritime University (KMU) for developing wind and tidal technologies.
South Korea is hoping to benefit from the UK’s knowledge in its 2.5GW offshore wind development as the UK has the world’s largest installed capacity of offshore wind power.
Young-Ho Lee, a Professor at KMU said: “I am very excited to be starting this project which will build on strong existing links between researchers in the UK and Korea. We now have a formal framework within which we will support commercial links with sound reporting on technologies and economics. KMU and IT Power will engage with all stakeholders to accelerate collaborative development projects.”
Korea’s presidential committee for green growth has set a target of 30% reduction in carbon emissions by 2020 and plans to spend $36 billion over the next 5 years to develop renewable energy sources.