Pacifico Energy Korea

What Pacifico Energy Korea does

Pacifico Energy Korea is the Korean subsidiary of Pacifico Energy Group, a US-based renewable energy developer founded in 2012 and operating across the Asia-Pacific region. Established in 2018, the Korean entity is focused on developing utility-scale wind, solar, hydrogen, and energy storage system (ESS) projects in South Korea, anchored by the 3.2 GW Jindo Offshore Wind Project Cluster in South Jeolla Province. The cluster is composed of three sequential phases: Myeong Ryang (420 MW, with an Electricity Business License secured from MOTIE in October 2025), Manho (990 MW), and Jindo Baram (1.8 GW), making it among the largest offshore wind clusters in the Asia-Pacific region developed by a single developer in a single area. The Korean subsidiary also holds Electricity Business Licenses for Shinan Green Solar (193 MW), Yeongam (50 MW), Anjwa (26.7 MW), and the Gyeongbuk National University Green Campus (3.6 MW) projects.

The company's underlying capabilities cover end-to-end renewable energy project development: site assessment, environmental impact assessment, permitting, front-end engineering design, EPC management, asset management, and power marketing. Its technical differentiators include offshore wind domain specialization, more than 10 years of Asia-Pacific regulatory and market experience, ownership of Japan's first commercial grid-connected battery energy storage system (operating since 2023, with 100+ MWh of ESS projects developed), and eight of Japan's top 20 largest solar projects (totaling 1.3+ GW across 21 utility-scale solar sites). Core activities are supported by an integrated Korean supply chain assembled through MOUs with HSG Sungdong Shipbuilding, EEW KHPC, CS Energy, KMC Line, and Yuil Co.

Pacifico Energy Korea generates revenue through two primary streams: long-term power generation revenue from owned renewable energy projects sold under feed-in tariffs and power purchase agreements (e.g., a 20-year FIT with Vietnam Electricity Group for the 30 MW Sunpro Wind Farm), and project development, financing, construction, and asset management services for utility-scale renewable projects. The go-to-market motion is enterprise field sales targeting government utilities and state-owned electricity companies, with success anchored on securing Electricity Business Licenses, long-term PPAs, and financing commitments from financial institutions. Customer segments are national and regional governments (MOTIE, Jeollanam-do, Jindo County), electricity utilities and grid operators (KEPCO, EVN), and corporate energy buyers pursuing RE100 commitments. The Korean subsidiary operates with approximately 16 employees while leveraging the broader Pacifico Energy Group's regional presence in Korea, Japan, Vietnam, and the United States (via Pacifico Power).

Name

Pacifico Energy Korea

Legal name

주식회사 퍼시피코에너지코리아

Website

https://pacificoenergy.co.kr

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

11–50 employees

Short description

Pacifico Energy Korea is the Korean subsidiary of US-based Pacifico Energy Group, developing utility-scale offshore wind, solar, hydrogen, and energy storage projects across the Asia-Pacific region, anchored by a 3.2 GW Jindo Offshore Wind Project Cluster.

Ownership category

akta.pro rank

Product category

Utility-Scale Renewable Energy Development

NAICS

Wind Electric Power Generation (221115), Solar Electric Power Generation (221114)

akta.pro primary industry

Wind Farm Ownership & Operations (IPP/Utility-Owned Asset Operations) (EUACAFAF)

akta.pro secondary industries

Development Management & Owner’s Engineering (Design Basis, Yield, Technical Due Diligence) (EUAMAAAG), Wind Power Plant EPC (Onshore/Offshore) (EUAEAAAF), Marine & Offshore Wind BOP Construction (Foundations, Cables, Ports, Installation Support) (EUAMAFAI), Renewable Energy Infrastructure (FSAAAKAG), Renewable Energy Industrial Facilities Construction (Solar, Wind, Storage) (IMAFADAD)

Keywords

• Offshore wind development
• Renewable energy generation
• Wind farm development
• Solar power projects
• Energy storage systems

Headquarters

HQ city

Seoul

HQ country

South Korea

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Supply Chain, Personnel, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Power Generation Revenue: Revenue generated from electricity generation through owned renewable energy projects. Pacifico Energy owns 100% of operating projects and sells power through long-term feed-in tariffs with state utilities (e.g., 20-year FIT with Vietnam Electricity Group for Sunpro Wind Farm)
2. Project Development Services: Development, financing, construction, and asset management services for utility-scale renewable energy projects across wind, solar, hydrogen, and ESS sectors

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Pacifico Energy Korea develops, constructs, operates, and manages utility-scale renewable energy projects including wind, solar, hydrogen, and energy storage system (ESS) assets across the Asia-Pacific region. The company's core offering is the 3.2GW Jindo Offshore Wind Project Cluster in South Jeolla Province, Korea (comprising Myeong Ryang 420MW, Manho 990MW, and Jindo Baram 1.8GW), supplemented by solar projects in Korea and additional wind, solar, and ESS projects in Japan and Vietnam.

Product overview

Pacifico Energy Korea is a U.S.-based renewable energy company that develops, constructs, operates, and manages wind, solar, hydrogen, and energy storage system (ESS) projects. The company operates as a project developer rather than a software product company. Its core offerings consist of renewable energy power generation projects across Asia-Pacific, with a primary focus on the 3.2GW Jindo Offshore Wind Project Cluster in Jindo County, Korea (comprising Myeong Ryang 420MW, Manho 990MW, and Jindo Baram 1.8GW offshore wind projects). Additional projects include solar installations in Korea (Shinan 193MW, Anjwa 26.7MW, Yeongam 50MW, Gyeongbuk National University 3.6MW), ESS projects in Japan (over 100 MWh), and wind and solar projects in Vietnam (Sunpro 30MW wind, Mui Ne 40MW solar). The company also has a solar project pipeline in North Chungcheong and South Jeolla Provinces totaling over 270 MW.

Differentiator

Problem solved

Functional benefit

Products and services

• Myeong Ryang Offshore Wind Project
• Manho Offshore Wind Project

Quantifiable outcome

• 27,000 households powered by Vietnam Sunpro Wind Farm
• +2 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Nine partnerships are on record, tiered core.

• EEW KHPCcoreTechnology or Integration · 8 July 2026MOU for offshore wind foundation manufacturing and supply including pin piles for the 3.2GW Jindo Offshore Wind Project Cluster. Located in Gwangyang Bay Area.
• KMC Line (KMC해운)coreChannel Partner/ Reseller/ Distributor · 8 July 2026MOU for marine logistics solutions including transportation of offshore wind components, installation support, and dedicated O&M vessel operations for the 3.2GW Jindo Cluster.
• CS Energy (씨에스에너지)coreTechnology or Integration · 8 July 2026MOU for manufacturing and supply of key offshore wind foundation components for the 3.2GW Jindo Offshore Wind Project Cluster located in Gwangyang Bay Area.
• Yuil Co., Ltd. (유일)coreTechnology or Integration · 18 June 2025Cooperation agreement for offshore wind industry development and Daebul Industrial Complex revitalization. Yuil is an offshore wind equipment supplier located in the Daebul Industrial Complex.
• Jeollanam-do (전라남도)coreOthers · 18 June 2025Government partnership for administrative support related to permits, power grid connections, and offshore wind industry ecosystem development in South Jeolla Province.
• Jindo-gun (진도군)coreOthers · 18 June 2025Local government partnership for administrative support and offshore wind project development in Jindo County.
• Yeongam-gun (영암군)coreOthers · 18 June 2025Local government partnership for Daebul Industrial Complex revitalization and offshore wind supply chain development.
• HSG Sungdong ShipbuildingcoreTechnology or Integration · 24 May 2024MOU for development and supply of foundations for the 3.2GW offshore wind project cluster. First Korea-U.S. partnership in large-scale offshore wind substructures; single largest offshore wind foundation supply partnership by a Korean supplier.
• SSE plccoreStrategic or Co-development Partner · 1 January 2021Joint venture 'SSE Pacifico' established in 2021 for offshore wind development in Japan. In 2024, SSE Pacifico consortium was selected as one of two floating offshore wind demonstration operators in Japan, receiving up to ¥85 billion investment from Japan's Green Innovation Fund (GIF).

Scale indicators11 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• SSE plc: UK-listed utility and offshore wind developer. Already a JV partner via SSE Pacifico for Japanese offshore wind and pursuing similar Asia-Pacific offshore wind opportunities, making it a strategic partner and partial competitor.
• Equinor: Norwegian state-owned energy company with growing offshore wind portfolio in Asia-Pacific, including Korean floating offshore wind projects. Competes directly for EBLs and supply chain partners in the same geographies.
• Shizen Energy: Japan-based renewable energy developer with utility-scale solar, wind, and storage projects. Shares Pacifico's focus on Japanese solar development and is a regional competitor in the same Japanese BESS and offshore wind markets.
• Vena Energy: Asia-Pacific focused renewable energy developer with wind, solar, and storage projects across Korea, Japan, Vietnam, and other Asian markets. Closest direct competitor in geographic footprint and project mix.
• Ørsted: Global leader in offshore wind development. Pacifico's Korea leadership team (Seung-Ho Choe, Seung-Jun Lee) both served as senior executives at Ørsted Korea, and the companies compete directly for Korean offshore wind projects including the 1.6 GW Incheon project.
• Copenhagen Infrastructure Partners (CIP): Leading offshore wind investment fund and project developer with significant Korean and Asia-Pacific exposure. Directly competes with Pacifico for EBL awards and grid connection capacity in Southwest Korea.

Regional players

• SK E&S / SK Innovation: Korean energy conglomerate developing renewable energy and offshore wind projects domestically. Former employer of Pacifico team member Constantine Jegal and competes for Korean offshore wind market share.
• Equis Development: Asia-Pacific renewable energy developer headquartered in Singapore with operating wind, solar, and storage projects across the region. Comparable in geography and stage to Pacifico, with similar focus on emerging Asian markets.

Broad incumbents

• RWE Renewables: Major European utility with a global offshore wind pipeline including projects in Asia-Pacific. Competes with Pacifico in Korean and Japanese offshore wind tenders as a larger, capital-rich incumbent.
• Iberdrola Renovables Energía: Global renewable energy developer with offshore wind and solar exposure. While geographic focus is primarily Europe and the Americas, it represents the broader incumbent utility-renewables model that Pacifico operates in.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/pacifico-energy-korea

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Pacifico Energy Korea