SpaceX Targets Thursday Launch for Starship's 13th Test Flight After Last-Minute Delay 
US Stock Futures Steady Ahead of Tesla, Alphabet Earnings as Iran Conflict Keeps Markets on Edge 
US Dollar Holds Near One-Week High as Middle East Tensions and Oil Prices Drive Market Sentiment 
What’s so special about Ukraine’s minerals? A geologist explains 
GesiaPlatform Launches Carbon-Neutral Lifestyle App ‘Net Zero Heroes’ 
India FMCG Q1 Earnings Preview: Higher Input Costs Likely to Weigh on Profit Margins 
Gold Price Surges Above $4,100 as Middle East Tensions Boost Safe-Haven Demand 
US Stock Futures Hold Steady as Tesla, Alphabet Earnings and Iran Conflict Dominate Market Focus 
GM Q2 Earnings Beat Estimates as General Motors Raises 2026 Profit Outlook 
Super Micro Computer Stock Jumps 20% After Record AI Orders and Margin Surge 
Nvidia Reveals 9.3% Stake in AI Cloud Firm Nebius Following $2 Billion Investment 
Thousands of satellites are due to burn up in the atmosphere every year – damaging the ozone layer and changing the climate 
Lake beds are rich environmental records — studying them reveals much about a place’s history 
SpaceX Q2 Earnings on Aug. 4 Set Stage for Historic Insider Share Unlock 
Gold Price Jumps Near 2% Above $4,080 as Middle East Tensions Lift Safe-Haven Demand 
Asian Stocks Rise as Oil Retreats on Iran Ceasefire Hopes Ahead of Key AI Earnings 
South Korea's POSCO International Corp. has teamed up with Danish firm, Copenhagen Infrastructure Partners (CIP), to jointly develop offshore wind power projects and delve into the green hydrogen and ammonia sectors. The alliance aims to cater to the burgeoning demand for renewable energy.
Under the memorandum of agreement, POSCO International and CIP will focus on developing offshore wind power projects in Pohang, a prominent industrial city in South Korea. Pohang's location, 262 kilometers southeast of Seoul, is ideal for harnessing wind energy.
Notably, Pohang is home to South Korea's largest steel mill complex and manufacturing sites operated by POSCO Future M Co., a POSCO Holdings Inc. subsidiary specializing in battery and advanced component production.
POSCO International, the trading and energy arm of POSCO, plans to establish a 300-megawatt offshore wind power plant complex in Sinan County by 2027. The company has set an ambitious goal to enhance its wind power generation capacity to 2 gigawatts by 2030.
With expertise in wind power infrastructure investments across 14 countries, including South Korea, CIP brings significant knowledge and resources to support offshore wind projects. The company manages investments worth approximately 28 billion euros (US$30.5 billion).
Furthermore, CIP's Managing Partner Jacob Baruël Poulsen, in the presence of South Korean President Yoon Suk-Yeol, reaffirmed the investment commitment through an Investment Notification Form. This commitment includes investments in fixed-bottom and floating offshore wind projects in Ulsan, Shinan County, and Yeonggwang County in South Jeolla Province.
This collaboration between POSCO International and CIP signifies a vital step towards driving sustainable and green solutions for the future.
Meanwhile, POSCO International is spearheading the development of a cutting-edge 300-megawatt-offshore wind farm in Sinan County, South Jeolla Province. The anticipated completion date for this remarkable project is set for 2027. Additionally, the company is proudly participating in another groundbreaking offshore wind farm venture in the East Sea.
With an ambitious goal of increasing offshore wind power output to a staggering 2 gigawatts, POSCO International aims to exceed current levels by more than 30 times.
Photo: Anna Jiménez Calaf/Unsplash
