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January 4, 2022

Haechang Bay Floating Solar Power Project, South Korea

By Carmen

Haechang Bay Floating Solar Power Project is a 95MW solar PV power project. It is planned in South 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 October 2022.

Project Type Total Capacity (MW) Active Capacity (MW) Pipeline Capacity (MW) Project Status Project Location Project Developer
Solar PV 95 95 Permitting South Jeolla, South Korea

Description

The project is currently owned by Goheung New Energy with a stake of 100%.

Haechang Bay Floating Solar Power Project is a floating solar project which is planned over 100 hectares.

The project cost is expected to be around $169.372m.

Development Status

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Post completion of the construction, the project is expected to get commissioned in October 2022.

Contractors Involved

Hanyang Industrial Development is expected to render EPC services for the solar PV power project.

Hyundai Energy Solutions will be the supplier of the PV modules for the solar power project. The company is expected to supply modules with rated capacity of 485W.

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.

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