Offshore wind
18 June 2021
Macquarie’s Green Investment Group (GIG) and TotalEnergies have awarded scholarships to three outstanding students from the Graduate School of Interdisciplinary Management at the Ulsan Institute of Science and Technology (UNIST). The scholarships form part of the Ulsan floating offshore wind farm’s cooperation program with the university.
Currently under development by GIG and TotalEnergies, and located around 60 kilometers offshore from Ulsan Port, the Ulsan floating offshore wind farm has a maximum installed capacity of 1.5 GW. The project will be built out in three phases, with the first phase of 500 MW targeted for development completion in 2023.
GIG and Total signed a memorandum of understanding (MoU) with UNIST in January 2021 to design and deliver a training program which would develop local expertise in floating offshore wind and further support job creation in the region. As part of the MOU, GIG and TotalEnergies are delivering a lecture series on floating offshore wind, funding scholarships and supporting internship programs; UNIST is working with the partners to develop the curriculum; and the Ulsan Metropolitan City is providing administrative support.
Lee Jae-Yong
UNIST Vice President
Woojin Choi
Managing Director at GIG in Korea
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TotalEnergies is a broad energy company that produces and markets energies on a global scale: oil and biofuels, natural gas and green gases, renewables and electricity. Our 105,000 employees are committed to energy that is ever more affordable, clean, reliable and accessible to as many people as possible. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.
UNIST is a leading post-secondary institution located nearby South Korea's largest industrial city, Ulsan. Established with the aim of advancing science and technology, UNIST promotes international research collaboration with industrial and academic institutions alike, and cultivate S&T talents who will play an essential role in the development of science and technology. Recently, UNIST has taken leadership in the Digital New Deal, which encompasses the areas of AI, healthcare, and semiconductors. By consolidating its research capabilities in eco-friendly energy and urban environment fields, UNIST strives to become a hub for research and development in support of the Green New Deal.