OMNI Features｜LS Marine Solutions Signs Taiwan's Offshore Wind SOV Lease Agreement with DFO．EBRD and Eiffel Investment Group Jointly Invest in 60 MW Romanian Solar PV Plant．Vietnam Approves Private Company Hai Linh for LNG Import and Export Operations

｜LS Marine Solutions Signs Taiwan's Offshore Wind SOV Lease Agreement with DFO
LS Marine Solutions has signed an agreement with Dong Fang Offshore (DFO) in Taiwan for a Service Operation Vessel (SOV) lease service. and has announced participation in a domestic tender in South Korea. LS Eco Energy's representative and Pauline Chen, CEO of DFO, together signed an agreement on the 7th to support offshore wind farm construction operations. During the construction of offshore wind farms, the SOV can provide high-quality accommodation and dining services by connecting to the wind turbines and can remain at sea for over 10 days, earning the nickname "five-star hotel at sea."

DFO is a Taiwanese company engaged in large-scale offshore wind construction support services. Previously, domestic offshore wind farms were typically built 10 KM from the coast, requiring construction workers to commute daily from nearby ports. With the introduction of the SOV by LS Marine Solutions, workers can enjoy hotel-level services and resolve accommodation issues even at construction sites located dozens of kilometers offshore. This is the first time an SOV has been introduced in South Korea. LS Marine Solutions leverages its Dynamic Positioning (DP) operation experience and dedicated terminals to gain an advantage in ship maintenance. Additionally, LS Marine Solutions plans to advance 15 to 20-year wind farm operation and maintenance contracts and, together with LS Cable and LS Eco Energy, expand into overseas markets such as the United States and Europe.

｜EBRD and Eiffel Investment Group Jointly Invest in 60 MW Romanian Solar Power Plant
The European Bank for Reconstruction and Development (EBRD) and Eiffel Investment Group are set to jointly invest in the construction of a 60 MW solar power plant in Romania. Each party will contribute €12.2 million, totaling €44 million.

The project is being developed by the INVL Renewable Energy Fund I and represents the fund's second project. Liudas Liutkevičius, Managing Fund partner at INVL REFI, stated that this funding will accelerate the construction of the existing solar power plant, significantly boosting Romania's renewable energy production capacity.

Currently, the fund's photovoltaic projects in Romania have a total installed capacity of 451 MW. All projects are scheduled to be completed by the third quarter of 2026. Additionally, a 51 MW solar project in Romania is expected to be completed by the end of September this year. Beyond Romania, the fund is also developing over 32 MW of solar projects in Poland, with total investments projected to exceed €330 million.

｜Vietnam Approves Private Company Hai Linh for LNG Import and Export Operations
According to S&P Global, the Vietnamese government has authorized Hai Linh Co. Ltd to conduct liquefied natural gas (LNG) import and export operations, making it the second company and the first private entity in Vietnam to engage in LNG trade. Last year, the Ministry of Trade and Industry of Vietnam issued the first LNG import and export license to the state-owned enterprise PetroVietnam Gas.

On May 8, Hai Linh announced its collaboration with Singapore-based company Atlantic, Gulf and Pacific LNG (AG&P LNG), to launch the LNG Terminal in Ba Ria-Vung Tau Cai Mep by September 2024. This terminal will provide integrated LNG supply solutions to the Vietnamese market through the joint venture "Vietfirst Gas" formed by Hai Linh and AG&P LNG's downstream operations. The market is eagerly anticipating the upcoming announcement of LNG tenders by Hai Linh, even though no related tenders have been released so far.

Reference: reNews｜S&P Global