OffshoreWIND.biz20 Jul 2026Clients
Automatically composed with AI from the cited sources
A ground-breaking ceremony on 16 July in Shinan County marked the start of construction for the 390 MW Shinan Ui offshore wind farm, scheduled for completion in 2029. Hanwha Ocean is investing approximately KRW 800 billion (nearly EUR 500 million) in a next-generation wind turbine installation vessel to be deployed on the project. The consortium comprises Hanwha Ocean as lead developer and EPC contractor, alongside SK Eternix, KOMIPO, Future Energy Fund, and Hyundai Engineering & Construction (also acting as EPC contractor); KOMIPO will operate the facility for 25 years. Domestic project financing is secured, and key components except turbines will be sourced from South Korea’s supply chain.