Shizen Energy to form JV to create renewables projects in S Korea

• Japanese renewables designer Shizen Energy Inc has actually consented to set up a joint venture with 2 partners to create energy storage space, onshore renewables, and offshore wind energy projects in South Korea.

The Tokyo-based green power firm said today that its subsidiary Shizen International Inc is teaming up with INMARK Asset Management and DOHWA Engineering Co Ltd

Inmark Infra Holdings, a joint venture in between INMARK and also DOHWA, will certainly hold 60% of the new company with Shizen International taking the remaining 40%.

Named Inmark Jayeon Energy Co Ltd, the new joint business has actually currently determined 2,000 MW of possible renewable energy projects, with the first financial investment in a 100-MW scheme prepared to occur by the end of this year.

INMARK will certainly be in charge of consortium management and also financing, while DOHWA will be responsible for engineering and permitting. Shizen International brings its competence in site assessment, growth, supply chain, and also off-taker relationships.