South Korea's Kolon Global Makes Moves in Power Industry

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Researched by Industrial Info Resources (Sugar Land, Texas)--Kolon Global (Yeonsu, South Korea) announced that it has signed an agreement for the joint development of the Wando Jangbogo Offshore Wind Power Project with Korea Western Power and Jeonnam Development Corporation (Jeollanam, South Korea), and is carrying out a 400-megawatt offshore wind power project. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can click here for details of the project.

Kolon Global plans to obtain a power generation business license this year and begin full-fledged design and licensing work. Last year, the installation of an offshore meteorological tower to measure wind resources in the sea near the Wando Jangbogo Offshore Wind Farm project site was completed, and related data are being collected. As a result of analyzing the average wind speed data of the project site collected so far, the business feasibility is said to be good.

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