Renewable Energy Cluster - Attracting businesses and research institutes
Project Overview
A project to foster the Saemangeum region as a global center of renewable energy by attracting renewable energy related companies and research institutes in a scale the world has never seen
Project contents
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Attraction of manufacturing companies
- High-tech material parts companies linked to the 1.4GW investment-attraction type project
- Attraction of global companies participating in RE100
- Creation of a world-class cluster
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Attraction of research institutes
- Support for infrastructures in tax benefits, R&D, and international exchange, etc. in accordance with the Special Act on the Designation and Promotion of Energy Industry Convergence Complexes
- Construction of the Comprehensive Floating-type Solar Power Evaluation Center (2019-2023, KRW 23.4 billion)
- Construction of Offshore Wind Industry Support Center (2020-2024, KRW 42 billion)
- Construction of the National Comprehensive Empirical Research Complex (2022-2029, KRW 307 billion, under feasibility study)
Project performance
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Tenant contract signing with companies
- Contract execution with 4 renewable energy-related companies involved in the production of floating photovoltaic buoyant structures
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Attraction of research institutes
- Confirmed attraction of research institutes related to floating photovoltaic and offshore wind power
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Securing government budget
- Secured government budget (FY 2019) for the construction of the Floating Photovoltaic Manpower Training Center
Project History
- 2019.03 Kickoff of the solar power production facility (NEMO ENG)
- 2019.06 Kickoff of the solar power production facility project (Rena International)
- 2019.06 Won a bid for the Comprehensive Floating Solar Power Evaluation Center hosted by the MOTIE
- 2019.06 Signed an MOU for the establishment of International Offshore Wind Research Institute (Jeonbuk National University, etc.)
- 2019.06 Signed an MOU for investment in the Comprehensive Floating Solar Power Evaluation Center (Korea Testing Laboratory)
- 2019.11 ~ 2020.01 Receipt of investment-type power generation business model proposals (14 cases)
- 2020.02 Adoption of investment-type power generation business model proposals (4 cases)
- 2020.02 2020.06~ ((90 days)Preparation of contest proposals for each business model (Mar. 2020), and receipt of a third party proposal
- 2020.09~10 Selection of preferred negotiators (document review, presentation review) (Sep. 2020) and selection of the contractor (Oct. 2020)
- Future Plans2020.10~12 Finalization of power generation project implementation plan and acquisition of licenses for project plans etc.
- 2021 kickoff (1H2021), completion (1H2022)
