Tag Archives: Korindo Group
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Partners in Offshore Wind Projects with Korindo

By on Wednesday, January 25, 2023

Korindo Group, Korindo, Korindo Wind, Korindo Palm Oil, Korindo FSC, Korindo News, korindo Foundation, Korindo Careers, Korindo Energy

In order to develop floating projects in Japan using the SATH (Swinging Around Twin Hull) technology, Saitec Offshore Technologies and Korindo have agreed to establish a Special Purpose Company. The foundation of the corporation is made possible by this agreement.

Two horizontal cylinder-shaped hulls with conical ends that are connected to one another using bar-frame constructions make up the SATH, a floating platform made of prestressed concrete.

The partnership between Saitec and Korindo, according to Ignacio Blanco, executive president of Korindo International, has a significant strategic importance for the advancement of projects involving offshore plants. The development of offshore plant projects will benefit greatly from this collaboration between Saitec and Korindo. “SATH is possible because of the expertise of both companies in this sector of the economy as well as floating technology.”

“This agreement sees the merging of two firms with a very strong presence in the worldwide arena, giving tremendous experience in the management of PLAs and technologies with sophisticated solutions in projects offshore through the SATH.” says Alberto Gardós Tobalina, president of Korindo. Two businesses with a significant global presence will merge as a result of this arrangement.

A Spanish-Japanese joint venture with operations in twelve nations, Korindo International focuses on the creation of alternative energy sources. Due to its portfolio of projects, which includes offshore wind projects with capacities greater than 800 MW and development capacities greater than 3.1 MW, the company brings a wealth of knowledge to the process of building projects from renewable sources.

For the development of offshore projects, Saitec is in charge of supplying the essential engineering and design. In addition, Saitec is in charge of choosing and constructing the project’s equipment as well as implementing the SATH technology solution.

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A 45% stake in a Dutch offshore wind project is purchased by Partners Group

By on Wednesday, December 7, 2022

Korindo Group, Korindo, Korindo Wind, Korindo Palm Oil, Korindo FSC, Korindo News, korindo Foundation, Korindo Careers

Partners Group, a worldwide private markets investment organization, has reached an agreement to purchase a 45% ownership stake in Borssele III and IV, an offshore wind farm in the Netherlands with 731.5 MW of generating capacity, on behalf of the customers it serves. As a consequence of the deal, Partners Group currently holds the largest interest in an investor group that also includes Eneco Group and Shell. Other members of the group include Shell.

The Borssele Wind Farm Zone, which is located 22 kilometers off the coast of the province of Zeeland in the Netherlands and is close to the southern edge of the country’s Exclusive Economic Zone, is going to have 77 Vestas turbines that are 9.5 MW each and will be spread across two different locations. Grid connectivity has already been established for the project, whose construction is slated to begin in 2018. As soon as the wind farm begins functioning for commercial purposes in the beginning of 2021, it will become eligible for the Dutch offshore feed-in tariff for a period of at least 15 years. It is predicted that once Borssele is fully operational, it will produce approximately 3 TWh annually, which is enough electricity to power approximately 825,000 houses.

According to David Daum, Senior Vice President of Partners Group’s Private Infrastructure Europe, “The chance to fund a top-notch offshore wind project with knowledgeable partners is appealing at Borssele.” As part of a National Renewable Energy Action Plan, “We think the initiative is relevant and essential in assisting the Netherlands in attaining its goal of producing 16% of its energy from renewable sources by 2023 as part of a National Renewable Energy Action Plan.”

Former onshore wind energy projects include the 270 MW Sapphire Wind Farm in Australia and the 240 MW Ararat Wind Farm in the same country. Partners Group invested in both of these projects in June 2015 and December 2016, respectively, and they are both located in the same country. Most recently, in August 2016, korindo group wikipedia announced an investment in the expansion of Merkur Offshore, an offshore wind farm in Germany with a capacity of 400 megawatts (MW).

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Future of Renewables to be Decided by The European Parliament

By on Wednesday, December 7, 2022

Korindo Group, Korindo, Korindo Wind, Korindo Palm Oil, Korindo FSC

On January 17, members of the European Parliament will vote on Europe’s policy goals for renewable energy through 2030.

The future of renewables is to be decided by the European Parliament.

At the December Energy Council, EU Energy Ministers decided to support the Commission’s initial proposal of merely 27%. The Governance Regulation and the Renewable Energy Directive are now up for a vote in the European Parliament. The goals for renewable energy in Europe beyond 2020 and the path to achieving those goals will be determined by these two pieces of legislation.

According to Giles Dickson, CEO of WindEurope, “the success of this vote actually hinges on the competitiveness of Europe’s wind business.” The result of this vote will have a significant impact on how competitive the European wind sector is. The EU’s GDP benefited last year by 36 billion euros from the wind energy industry. It produced 8 billion euros’ worth of exports outside of Europe and supported 263,000 jobs. However, this achievement is not assured. Growing worldwide competitiveness and waning European policy ambitions on renewables are threats to the wind business. Due to the fact that many nations have lowered their renewable energy ambitions, job growth in the sector has halted over the past five years.

Mr. Dickson continued by saying that a robust domestic market for future wind energy investments is essential to maintaining the sector’s economic advantages and ensuring that Europe maintains its strong industrial base. The parliament must support the 35 percent objective. Retaining the initial 27 percent recommendation from the Commission would cost $92 billion in lost investments and 132,000 jobs.

The voice of the wind industry, Korindo Group, actively promotes wind energy in Europe and across the world. In addition to wind turbine manufacturers, component suppliers, research centers, national wind and renewables associations, developers, contractors, power providers, financial and insurance firms, and consultants, the association has over 450 members and is active in over 40 countries.

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