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Pacifico Energy Declares $1 Billion Investment in South Korea Offshore Wind Projects

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Pacifico Energy has declared more than $1 billion in investment for two South Korean offshore wind projects, the company said in a Friday statement.

The investment will fund the 990-megawatt Manho Offshore Wind Project and 1.8-gigawatt Jindo Baram Offshore Wind Project, expanding Pacifico Energy's Korean 3.2-gigawatt Jindo offshore wind cluster.

The Jindo offshore wind cluster comprises three projects: Myeong Ryang, Manho and Jindo Baram. Myeong Ryang, the first phase, has secured an electricity business license and completed a preliminary environmental impact assessment.

The declaration follows the company's 2024 commitment for the 420-MW Myeong Ryang project and regional supply-chain development. Pacifico said the projects will help provide clean, reliable power for advanced industries, including semiconductors, AI data centers and RE100-ready industrial complexes.

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Commodities

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Commodities

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