Pacifico steps up Korea offshore wind push with $1bn filing

US energy infrastructure developer Pacifico Energy has filed an investment declaration worth more than $1bn with South Korea’s Ministry of Trade, Industry and Resources covering two offshore wind projects with combined planned capacity of 2.79 GW.

The declaration covers the 990 MW Manho and 1.8 GW Jindo Baram developments off Jindo County and was submitted at an investment ceremony in Washington hosted by the ministry and Korea Trade-Investment Promotion Agency. Pacifico said the declared investment will be allocated entirely to the two projects.

Manho and Jindo Baram form the second and third stages of Pacifico’s wider 3.2 GW Jindo offshore wind cluster. The first phase is the 420 MW Myeong Ryang project, which has already secured its electricity business licence and completed a preliminary environmental impact assessment.

Splash reported in August that Pacifico had been selected as the sole developer of the government-designated Jindo Integrated Cluster Phase 2, comprising Manho and Jindo Baram, and had covered a local supply-chain agreement in July.

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