Following the signing of the financing agreement, subordinated loans, including policy-backed funds, are expected to begin disbursement in the second quarter of 2026. Loan drawdowns will then be carried out progressively in line with construction progress through to early 2029.
The Shinan Ui offshore wind project involves the construction and operation of a 390 MW wind farm located off the southern coast of Ui Island in Shinan County, Jeollanam-do. According to the FSC, the project is the first large-scale offshore wind development in the country to be financed entirely with domestic capital.
