Pacifico Energy Korea signs MOU with Hana Bank and Hana Securities for 3.2 GW Jindo Offshore Wind Project Cluster financing and development in South Korea

Type: Partnership · Technology: Offshore Wind · Country: South Korea · Announced: 2026-06-17

Pacifico Energy Korea signed a memorandum of understanding with Hana Bank and Hana Securities to advance the 3.2-gigawatt (GW) Jindo Offshore Wind Project Cluster off Jindo County in South Jeolla Province, South Korea. The cluster includes three projects: the 420-megawatt (MW) Myeong Ryang Offshore Wind, the 990-MW Manho Offshore Wind, and the 1.8-GW Jindo Baram Offshore Wind. Myeong Ryang Offshore Wind secured an Electricity Business Licence from the Ministry of Trade, Industry and Energy in September 2025 and completed geophysical surveys and a preliminary environmental impact assessment. Manho Offshore Wind and Jindo Baram Offshore Wind have submitted licence applications and remain under review. The agreement covers development, construction, and operation phases, including cooperation on project financing, financial advisory, and investment mobilization. The parties will develop a financing model to support Korea’s offshore wind industry supply chain and foster the broader offshore wind industrial ecosystem.

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