The offshore wind farm, the first large-scale privately led project of this kind in South Korea, is owned by a joint venture between SK E&S (51 per cent) and Copenhagen Infrastructure Partners (49 per cent).
The joint venture, Jeonnam Offshore Wind Power, obtained an Electricity Business License (EBL) for Jeonnam 1 in 2017 and entered a grid connection agreement with KEPCO, the state-owned utility in South Korea, allowing the project to connect to the grid in 2024.
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In 2022, Jeonnam 1 was awarded a 20-year fixed-price offtake agreement with Korea Hydro & Nuclear Power through Korea’s first wind offtake auction.
SK E&S and Copenhagen Infrastructure Partners (CIP) reached financial close for the project in October 2023.
The joint venture is also developing two additional phases of the Jeonnam offshore wind development, Jeonnam 2 and Jeonnam 3, with a total capacity of 800 MW.
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The final wind turbine has been installed at the Jeonnam 1 offshore wind farm in South Korea, the project’s wind turbine supplier Siemens Gamesa said via social media on 18 December. Jeonnam 1, which has a nominal installed capacity of 96 MW, features Siemens Gamesa SG 10.0-193 DD wind turbines and
