Parasites are ecological dark matter – and they need protecting 
Nintendo Switch 2 Production Cut as Holiday Sales Miss Targets 
As the Black Summer megafires neared, people rallied to save wildlife and domestic animals. But it came at a real cost 
Henkel in Advanced Talks to Acquire Olaplex at $2 Per Share 
How ongoing deforestation is rooted in colonialism and its management practices 
Fertile land for growing vegetables is at risk — but a scientific discovery could turn the tide 
Oil Prices Slip as Trump Extends Iran Ceasefire Deadline Amid Ongoing War Fears 
Google's TurboQuant Sends South Korean Chip Stocks Tumbling Amid AI Memory Demand Fears 
Lynas Rare Earths Signs Vietnam Deal with LS Eco Energy to Boost Magnet Metal Production 
Chinese Universities with PLA Ties Found Purchasing Restricted U.S. AI Chips Through Super Micro Servers 
Iran Allows Oil Tankers Through Strait of Hormuz Amid U.S. Negotiations 
The UK is surprisingly short of water – but more reservoirs aren’t the answer 
Citi Names Eric Farina and Rob Cascarino to Lead Global Infrastructure Financing Group 
AWS Bahrain Region Disrupted by Drone Activity Amid Middle East Conflict 
NAB Plans to Cut 170 Jobs While Expanding Offshore Operations 
Burkina Faso and Mali’s fabulous flora: new plant life record released 
GesiaPlatform Launches Carbon-Neutral Lifestyle App ‘Net Zero Heroes’ 
South Korea's POSCO International Corp. has teamed up with Danish firm, Copenhagen Infrastructure Partners (CIP), to jointly develop offshore wind power projects and delve into the green hydrogen and ammonia sectors. The alliance aims to cater to the burgeoning demand for renewable energy.
Under the memorandum of agreement, POSCO International and CIP will focus on developing offshore wind power projects in Pohang, a prominent industrial city in South Korea. Pohang's location, 262 kilometers southeast of Seoul, is ideal for harnessing wind energy.
Notably, Pohang is home to South Korea's largest steel mill complex and manufacturing sites operated by POSCO Future M Co., a POSCO Holdings Inc. subsidiary specializing in battery and advanced component production.
POSCO International, the trading and energy arm of POSCO, plans to establish a 300-megawatt offshore wind power plant complex in Sinan County by 2027. The company has set an ambitious goal to enhance its wind power generation capacity to 2 gigawatts by 2030.
With expertise in wind power infrastructure investments across 14 countries, including South Korea, CIP brings significant knowledge and resources to support offshore wind projects. The company manages investments worth approximately 28 billion euros (US$30.5 billion).
Furthermore, CIP's Managing Partner Jacob Baruël Poulsen, in the presence of South Korean President Yoon Suk-Yeol, reaffirmed the investment commitment through an Investment Notification Form. This commitment includes investments in fixed-bottom and floating offshore wind projects in Ulsan, Shinan County, and Yeonggwang County in South Jeolla Province.
This collaboration between POSCO International and CIP signifies a vital step towards driving sustainable and green solutions for the future.
Meanwhile, POSCO International is spearheading the development of a cutting-edge 300-megawatt-offshore wind farm in Sinan County, South Jeolla Province. The anticipated completion date for this remarkable project is set for 2027. Additionally, the company is proudly participating in another groundbreaking offshore wind farm venture in the East Sea.
With an ambitious goal of increasing offshore wind power output to a staggering 2 gigawatts, POSCO International aims to exceed current levels by more than 30 times.
Photo: Anna Jiménez Calaf/Unsplash
