K2 Management (K2M), a leading energy transition project management and engineering consultancy, has been selected as the Owner’s Engineer for the MyeongRyang Offshore Wind project, a venture led by Pacifico Energy Korea (PEK), subsidiary of American renewable energy developer Pacifico Energy.
The MyeongRyang Offshore Wind project is the initial phase of a larger 3.2GW offshore wind complex off the coast of Jindo-gun, Jeollanam-do in South Korea. The MyeongRyang Offshore Wind project involves the construction of a fixed offshore wind farm with an installed generation capacity of approximately 420MW. Set to commence construction in 2028, the wind farm is poised to play a pivotal role in South Korea’s ambitious target of installing 14.3GW of offshore wind by 2030.
K2 Management’s role as Owner’s Engineer for the MyeongRyang Offshore Wind project encompasses support in overall project management. This includes conducting wind analysis, metocean studies, conceptual designs, and preparing and selecting contractors for site investigation. K2M will continue to offer technical support throughout the site investigation process, as well as assistance in obtaining permits. With work having begun in December 2023, K2M is expected to be actively involved until 2025.
Jake Jung, Country Director for South Korea at K2 Management, said: ”South Korea continues to build a strong offshore wind market, and the recent auctions last year are a positive reflection of the nation’s goals. We are incredibly proud to be able to contribute to that growth by supporting PEK in the first phase of their major 3.2GW wind complex, a project that will play a crucial role in helping the country decarbonise. By leveraging our international consultants, local expertise and collaborating closely with PEK’s team, we are well-positioned to ensure the successful development of this project.’
“The MyeongRyang Offshore Wind project is a significant development that demonstrates the vast potential of offshore wind power in South Korea”, said Seoung-Ho Choe, Representative Director/CEO of PEK. “This marks our inaugural venture into offshore wind in the country, and on of the largest offshore wind projects in Korea, and we’re excited to initiate the first phase of this project. Drawing upon K2 Management’s expertise and extensive experience in global offshore wind projects, we are confident in ensuring its success.“
K2M is set to provide pre-construction analysis and technical support on the first 420MW phase of the offshore wind complex in South Korea.
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