Masdar, situated in the UAE, and Korea Electric Power Corporation (Kepco) have signed a memorandum of understanding (MoU) to investigate prospects in offshore wind energy, battery storage, and green hydrogen.
Masdar, situated in the UAE, and Korea Electric Power Corporation (Kepco) have signed a memorandum of understanding (MoU) to investigate prospects in offshore wind energy and other renewable energy areas.
At a ceremony in South Korea, Mohamed Jameel al-Ramahi, CEO of Masdar, and Seung-il Cheong, CEO of Kepco, signed the MOU.
The two firms will investigate the possibility of collaborating on offshore wind projects, including but not limited to Kepco’s existing offshore wind projects.
In addition, the two companies will assess potential in green hydrogen production, battery technologies, and energy trading.
Kepco is the largest utility in South Korea, generating 93% of the country’s electricity, and is involved in a number of major offshore wind projects, including the 8.2GW Shinan project.
