Pungdo Offshore Wind Power is a 200MW offshore wind power project. It is planned in Yellow Sea, Incheon, South Korea. The project is currently in permitting stage. It will be developed in single phase. Post completion of the construction, the project is expected to get commissioned in 2025.
| Project Type | Total Capacity (MW) | Active Capacity (MW) | Pipeline Capacity (MW) | Project Status | Project Location | Project Developer | Offshore | 200 | – | 200 | Permitting | Incheon, South Korea | Korea Western Power; Seohae Green Power; Wooram Construction |
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Description
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The project is being developed by Korea Western Power, Seohae Green Power and Wooram Construction. These companies also have ownership stakes in the project.
The project cost is expected to be around $682.56m.
Development Status
Post completion of the construction, the project is expected to get commissioned in 2025.
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By GlobalDataAbout Korea Western Power
Korea Western Power Co., Ltd. (KOWEPO), a subsidiary of Korea Electric Power Corporation (KEPCO), develops electricity resources, and generates and supplies electricity. The company’s power generation portfolio includes Taen, Pyeongtaek, Seoincheon, and Gunsan power complexes consisting of thermal, hydro, solar and combined cycle power plants; and solar power plants at Samrangjin, Sejong City and Gyeonggi. KOWEPO is headquartered in Seoul, Korea.
About Wooram Construction
Wooram Construction Co Ltd (Wooram Construction) is the heavy and civil engineering construction company. The company is headquartered in South Korea.
Methodology
All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.
