Saemangeum Offshore Wind Farm is a 98.9MW offshore wind power project. It is planned in Yellow Sea, North Jeolla, 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 | 98.9 | – | 98.9 | Permitting | North Jeolla, South Korea | Saemangeum Offshore Wind |
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Description
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The project is being developed by Saemangeum Offshore Wind. Jeonbuk Technopark, KEPCO Plant Service & Engineering and Mirae Asset Financial Group are currently owning the project.
The project is expected to supply enough clean energy to power 65,000 households. The project cost is expected to be around $365m.
Development Status
Post completion of the construction, the project is expected to get commissioned in 2025.
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By GlobalDataContractors Involved
Daewoo Shipbuilding & Marine Engineering, Gyeseong Construction, LT Sambo (Korea) and Zetai & D are expected to render EPC services for the wind power project.
Siemens Gamesa Renewable Energy will be the turbine supplier for the wind power project. The company is expected to provide 23 turbines, each with 4.3MW nameplate capacity.
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.
