Dutch Co. Will Sell Renewable Energy Technology to South Korea

Tocardo Intl., a producer of hydro-power turbines, has signed a dealership agreement to sell its renewable energy technology into South Korea.

Tocardo signed the deal with the German-Korean corporation Korwind. The company has extensive experience with the South Korean renewable energy market, and a strong track record of building trade links between Korea and Northwest Europe.

Tocardo is the only company in the world that produces and sells commercially viable water turbines. Its market-ready turbines can generate energy in any environment with flowing water such as offshore tidal currents or in-shore rivers.

From a geographic and economic point of view, South Korea is one of the world’s most promising countries for the application of tidal energy generation. Through its agreement with Korwind, Tocardo is one of the first to make its turbines commercially available there.

Korwind will use its extensive network of Korean commercial and government relationships to implement the technology. Tocardo also has signed an R&D agreement with Blue Ocean Power to demonstrate the effectiveness of its 1MW tidal turbine, at Saemankeum Barrage. This installation will combine tidal and ocean current power.