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28 October 2019

Fugro Enters the South Korean Offshore Wind Farm Market

Fugro has signed a Memorandum of Understanding (MOU) with Underwater Survey Technology 21 (UST21) in a move that opens up the South Korean offshore wind farm market.

Growing demand for alternative energy sources has led South Korea to explore its potential for wind energy, and Fugro’s global experience on over 100 offshore wind farm projects will be key to realising South Korea’s offshore wind farm ambitions.

The agreement with UST21 will facilitate collaboration on marine projects in South Korean waters, whereby Fugro will expand UST21’s local hydrography capacity to provide site characterisation services, including geotechnical, geophysical and offshore metocean solutions.

In return, UST21’s local hydrographic expertise will provide logistical and operational support to Fugro’s offshore metocean projects. For example, in conjunction with UST21, Fugro will shortly deploy several Seawatch Wind LiDAR buoys offshore South Korea to perform vital wind resource assessments.

Jerry Paisley, Fugro’s Regional Director for Marine Site Characterisation in Asia-Pacific, said:

“We are extremely pleased to announce the signing of this MOU with UST21, with whom Fugro has great synergy. By combining Fugro’s offshore site characterisation expertise with UST21’s hydrographic capabilities in South Korea, we are now well positioned to capitalise on the growing South Korean wind farm market".

 

About Fugro:

Fugro is the world’s leading, independent provider of geo-intelligence and asset integrity solutions. Fugro acquires and analyses data on topography and the subsurface, soil composition, meteorological and environmental conditions, and provides related advice. With its geo-intelligence and asset integrity solutions Fugro supports the safe, efficient and sustainable development and operation of buildings, industrial facilities and infrastructure and the exploration and development of natural resources. Fugro works around the globe, predominantly in energy and infrastructure markets offshore and onshore, employing approximately 10,500 people in around 60 countries. In 2016, revenue amounted to EUR 1.8 billion. The company is listed on Euronext Amsterdam. w: www.fugro.com

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