Shizen Energy enters South Korean market with joint venture

Shizen International Inc. joins forces with INMARK Asset Management and DOHWA Engineering Co., Ltd to create the joint venture Inmark Jayeon Energy Co., Ltd. The joint venture plans to invest in a 100 MW project by the end of 2023.

Share:

Shizen International Inc, a subsidiary of the Shizen Energy Group, has announced its entry into the South Korean renewable energy market through a joint venture with INMARK Asset Management and DOHWA Engineering Co, Ltd.

The joint venture, named Inmark Jayeon Energy Co., Ltd. will focus on developing renewable energy projects throughout South Korea, including energy storage, onshore renewables and offshore wind.

The South Korean government aims to generate 30.6% of its electricity from renewable energy sources by 2036, up from 9% in 2021, as part of its 10th Basic Plan for Electricity Supply and Demand. Shizen Energy Group sees significant potential in the country’s renewable energy market and hopes to contribute to South Korea’s goal of achieving carbon neutrality by 2050.

Shizen Energy Group’s Korean joint venture: a key step towards achieving its sustainability objective

The joint venture has already identified 2,000 MW of renewable energy project opportunities and plans to invest in a 100 MW project by the end of 2023. Shizen Energy Group brings its expertise in offshore wind projects in Japan to the joint venture, and will combine digital technologies such as EMS and battery storage to develop renewable energy sources that work in harmony with local communities.

Shizen Energy Group’s mission is to achieve a 100% renewable energy world as soon as possible. Through this joint venture and its partnership with INMARK and DOHWA, Shizen Energy Group hopes to contribute to a sustainable future for South Korea and the planet.

  • Populaires ​
TotalEnergies sells 50% of its renewable assets in Portugal for €178.5mn
Maldives grants first-ever energy permit to Abraxas Power Corp.
Three researchers win the 2025 Global Energy Prize for technological advances
EDF postpones restart of Flamanville EPR to August 13
Ardian completes Akuo takeover and installs Bruno Bensasson at the helm
Energiekontor wins contracts for four wind projects totaling 125 megawatts
Energiekontor AG has secured contracts for four wind projects with a total capacity of 125 megawatts, following the Federal Network Agency's May 2025 tender in Germany.
Ecopetrol acquires Wind Autogeneración and restarts Windpeshi wind project
Ecopetrol S.A. finalises the acquisition of Wind Autogeneración from Enel S.A.S., thereby taking over the Windpeshi wind project in Colombia, with a planned capacity of 205 MW, aimed at the Colombian oil group's energy self-consumption.
Oceanic Wind and Coast Tsimshian secure permit for Canadian offshore wind
Oceanic Wind Energy Inc. and Coast Tsimshian Enterprises Ltd. secured an exclusive investigative use permit in the Hecate Strait, paving the way for Canada's first major offshore wind project, targeting capacity of up to 700 MW.
Nordex wins 91 MW contract from SAB WindTeam in Germany
German manufacturer Nordex will supply 13 N163/6.X wind turbines to developer SAB WindTeam for a 91 MW wind farm in Brandenburg, with commissioning scheduled for early 2027 and an extended 20-year service agreement.
EDF postpones Calvados wind farm to 2027 due to faulty drilling tool
EDF is delaying the start-up of the Calvados offshore wind farm by more than two years, citing extended adjustments to a drilling tool vital for installing the sixty-four monopile foundations off Courseulles-sur-Mer.
NeXtWind secures €1.4 billion to expand wind energy in Germany
German company NeXtWind signs historic €1.4 billion debt financing to accelerate expansion and modernisation of its onshore wind farms and reach a total capacity of 3 GW by 2028.
TGS wins strategic offshore wind contract in Norway
Energy company TGS has won a major high-resolution geophysical imaging contract for offshore wind site characterization in Norway, strengthening its position in this rapidly growing market.
Iberdrola launches metocean studies for Australian offshore wind farm
Iberdrola Australia secures crucial approval from Australian authorities to begin metocean studies for its 3GW Aurora Green offshore project off the coast of Victoria, marking a decisive stage in its development.
ENGIE launches largest wind farm in Africa and Middle East in Egypt
ENGIE begins full operation of the Red Sea Wind Energy wind farm in Egypt, increasing its capacity to 650 MW, four months ahead of schedule, now powering over one million homes in the region.
Tokyo Gas acquires two wind projects in Finland via its European subsidiary
Tokyo Gas, through TOWII Renewables, a joint venture with EWII, purchases two onshore wind projects developed by Finnish company Puhuri, totalling 74.4 MW, marking its expansion beyond the Danish market.
Germany allocates €450mn to modernise Lower Saxony’s electricity grid
The European Investment Bank grants EWE AG historic €450mn financing for the installation of 2,600 km of underground power lines and the upgrade of over 1,100 substations in Lower Saxony.
Japan and Siemens Gamesa sign strategic offshore wind agreement
Japan’s Ministry of Industry and Siemens Gamesa Renewable Energy launch a strategic partnership to develop local offshore wind supply chains and strengthen the country's industrial competitiveness in this energy sector.
Energiekontor launches new investment in Nartum wind farm in Lower Saxony
Energiekontor AG confirms financial close for the Nartum wind farm, adding 23 megawatts to its owned portfolio and starting the construction phase in the Rotenburg district, Lower Saxony.
Airloom Energy launches strategic wind energy pilot project in the United States
Airloom Energy begins construction of a pilot site in Wyoming to test an innovative turbine aimed at enhancing American energy security in the face of anticipated growth in electricity demand.
Sale of wind farm in Peru: ACCIONA Energía receives 253 million USD
ACCIONA Energía transfers the San Juan de Marcona wind farm to Luz del Sur S.A.A., a major player in Peru's energy sector, for up to USD 253 million, pending necessary regulatory approvals.
Encavis acquires two German wind farms totalling 59 MW from Energiequelle
German operator Encavis AG strengthens its portfolio by acquiring two wind farms in Lower Saxony and Saxony, totalling 59 MW, in a transaction with Energiequelle GmbH, thereby expanding its renewable energy assets.
Ocergy launches 15 MW floating wind turbine pilot project with international partners
Ocergy officially launches an industrial project aiming to install by 2028 a new-generation floating wind turbine of over 15 MW, in partnership with EnBW, Kyuden Mirai, and TEPCO Renewable Power.
France Officially Launches Its First Floating Wind Farm in the Mediterranean
France officially commissions its first floating wind farm, consisting of three turbines with a combined capacity of 25 megawatts, introducing strategic technology in the Mediterranean, vital for national energy goals.
France: Petit Doré wind farm delivers its first Breton megawatt-hours
Inaugurated on 20 June, the five-turbine plant of wpd onshore France feeds 18 MW into the grid and unlocks new tax revenue for four Côtes-d’Armor municipalities.
Statkraft reduces offshore wind investments following strategic review
Statkraft refocuses investments on flexible Nordic hydropower and reduces commitments in offshore wind and hydrogen to lower operating costs, amid an uncertain economic environment and pressured profitability.

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

© XMARKET PUBLISHING