RenewableUK and Korean wind association ink to collaborate

May 01, 2012

RenewableUK, the trade and professional body representing the wind, wave and tidal energy industries, on Friday signed a landmark Memorandum of Understanding (MOU) with the Korean Wind Energy Association.

At a signing ceremony in London, the two associations committed to an agreement to work together to increase trade by "pursuing mutually beneficial business opportunities".

RenewableUK and the Korean Wind Energy Association will "facilitate opportunities for business engagement among individual companies active in the wind sectors of the two countries". The event also saw an accord finalized between the Department for Business, Innovation and Skills and the Korean Ministry of Knowledge and Economy.

The accord was signed by the Chief Executive of RenewableUK, Maria McCaffery MBE, and Dr Rimtaig Lee, the Chairman, Korean Wind Energy Industry Association and witnessed by the Korean Ambassador Kyu Ho Choo.

 "A great opportunity exists, following the Clean Energy Ministerial Summit earlier this week to further develop ties between nations leading the world in renewable energy development. That is why we are here today alongside our friends from South Korea, signing our first ever agreement with another national wind energy trade association," said McCaffery.

South Korea has plans to develop a 2.5-GW offshore wind project in the South China Sea. South Korea currently generates 2 percent of its energy from renewable sources which it plans to increase to 10 percent by 2022.