Specialist shipbroker for Global Renewables Shipbrokers (GRS) has entered the South Korean market through a new partnership with South Korean wind project development consultancy SerFac. 

GRS is a consultancy and shipbroking businesses in offshore wind, wave and tidal energy. The company advises in contract negotiation in all stages of the project development and in the installation and operation stage, also takes on the chartering of vessels and crews.

“The moment for market entry to South Korea is ideal,” explains Matthias Mross, managing partner at GRS. “The South Korean government has ambitious plans for the expansion of offshore wind energy and will be providing us with a lot of opportunities in the coming years. Building on our experience and expertise, we can ensure that mistakes will be avoided and expansion targets achieved.”

Earlier this month, the South Korean energy ministry announced its intention to boost its renewable energy share in electricity generation by 20 per cent by the year 2030. This corresponds to an increase in generation capacity from the current 11,000 megawatts (MW) to around 58,500 MW. Offshore wind energy will gain in importance and its total capacity will increase by an overall 12,000 MW in the coming eleven years.

“We are very happy to have found a partner with GRS who is experienced in wind energy on a global scale. The synergies created will enable us to keep on pushing our expansion in the growing offshore wind energy market in the Asiatic Pacific region,” says Namhee Lim, managing director at SerFac.