A new Clean Energy Partnership between the UK and the Republic of Korea (RoK) boost energy security and accelerate the clean energy transition has been launched.
The partnership will see the UK and RoK strengthen cooperation on shared ambitions across the clean energy transition, low carbon technologies, civil nuclear, and domestic climate policies. The new partnership will promote UK-Korea business collaboration, addressing barriers to trade and encouraging mutual development of each other’s energy sectors.
The partnership comes alongside South Korean businesses injecting more than £10bn of new investment into the UK for green technologies and infrastructure. The partnership will see cooperation on civil nuclear, including on large scale, small scale and advanced reactors, decommissioning and waste management, and supply chains. It will also allow information sharing on offshore wind to support UK and RoK’s ambitions, grid technical advances and on a UK-RoK hydrogen collaboration.
The clean energy partnership will elevate existing areas of bilateral cooperation on energy between the two countries, in particular building on the UK-RoK Civil Nuclear Dialogue and the previously agreed UK-RoK Offshore Wind Memorandum of Understanding to accelerate offshore wind deployment.
RoK has a target of 14GW of offshore wind by 2030 – with UK companies winning a significant number of RoK offshore wind engineering contracts
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