Business World of Renewable Energy

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Internationalisation: VSB Group successful market entry in South Korea

Dresden, Germany / Seoul, South Korea - 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.

Supported by the plans of the South Korean government and good framework conditions for the expansion of renewable energies, the VSB Group has founded the Korean subsidiary "VSB Renewable Energy Korea Ltd." with headquarters in Seoul as part of its international expansion course.

With a team of national and international wind experts, the "VSB Renewable Energy Korea Ltd." starts the planning process for a 35 MW wind farm in South Korea. In collaboration with an experienced local project developer, who complements VSB's expertise with knowledge of the specific market requirements and a strong local network, the technical skills of both companies are bundled in such a way that planning proceeds quickly and efficiently.

"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”, says Dr. Joerg Dolski, Managing Director of VSB Neue Energien International GmbH.

Source: IWR Online, 17 Dec 2019