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VSB Group enter the South Korean market

Published by , Assistant Editor
Energy Global,


With a team of national and international wind experts, the VSB Renewable Energy Korea Ltd. has started the planning process for a 35 MW wind farm in South Korea.

Good framework conditions, a stable investment environment and a government that actively supports the expansion of renewable energies are important factors in the VSB Group's decision for the location. South Korea has set itself the goal of increasing the share of renewable energies from the current 7% to 35% by 2040. So far, South Korea has primarily met its energy needs through energy imports.

"South Korea has great potential in the field of renewable energies. That is why we are placing our commitment in this country on a stable foundation with strategic local partnerships in the long term. To achieve the 2040 target in South Korea, the government is relying on the support of international experts. We are proud to contribute to reach this target and are eager to drive forward the energy transition in South Korea," explains Dr. Joerg Dolski, Managing Director of VSB Neue Energien International GmbH.

After opening up numerous European markets, the expansion of the market portfolio to Asia is a logical further development of the VSB Group's previous internationalisation strategy.

Read the article online at: https://www.energyglobal.com/wind/16122019/vsb-group-enter-south-korean-market/

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