Woori Investment Securities is actively supporting productive financial aid by securing installation and transportation vessels for essential infrastructure at domestic offshore wind power plants. On the 27th, Woori Investment Securities announced that it has successfully completed the financing arrangement for the acquisition of the specialized offshore wind installation vessel ‘Nuribaram’, a project led by the KOSDAQ-listed company Woori Technology and the offshore wind specialized company CGO. The total scale is 50.2 billion won.
Nuribaram will initially be deployed in the ‘Shinan Wui Offshore Wind Power Project’, which has been selected as the first project of the National Growth Fund, and is expected to be used in major domestic offshore wind projects. The Shinan Wui Offshore Wind Power Project involves the construction and operation of a large-scale offshore wind power plant with a generation capacity of 390 MW off the southern coast of Ui Island in Shinan-gun, Jeollanam-do. It is the first large-scale offshore wind project driven purely by domestic capital to expand essential power infrastructure for local advanced strategic industries.
The company explained that this deal is significant because it is Woori Investment Securities’ first adventure capital finance arrangement. Woori Investment Securities played the role of the sole arranger, designed the financial structure, formed the lending group, and achieved stable fund procurement.
A representative from Woori Investment Securities stated, “This financial arrangement for Nuribaram is the first fruition of Woori Investment Securities’ role as an ‘adventure capital provider.’ Going forward, we will expand our investments in advanced strategic industries, promote the transition to productive finance, and establish ourselves as a key player in the adventure capital investment market, invigorating the real economy.”