Pohang Offshore Wind Power Project is a 1,000MW offshore wind power project. It is planned in Sea of Japan (East Sea), North Gyeongsang, South Korea. According to GlobalData, who tracks and profiles over 170,000 power plants worldwide, the project is currently at the announced stage. It will be developed in a single phase. The project construction is likely to commence in 2025 and is expected to enter into commercial operation in 2029. Buy the profile here.

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Description

The project is being developed by Posco International. The project is co-owned by Copenhagen Infrastructure Partners KS and Posco International, with their respective ownership stake of 50% each.

The wind power project consists of 125 turbines, each with 8MW nameplate capacity.

Development status

The project construction is expected to commence from 2025. Subsequent to that it will enter into commercial operation by 2029.

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About Posco International

Posco International Corp (Posco International), formerly Posco Daewoo Corp and a subsidiary of Posco, is an international trading and investment company. The company carries out international trade, resource development, and project organizing. Its businesses include export services, export agency services, intermediary trading, manufacturing, distribution, and natural resource development. The company trades various products such as industrial-grade steel, metals, chemicals, transportation equipment, machinery, electronics, special materials, grain, and petroleum. Posco International implements overseas development projects such as power generation, railroad, ports, plants, and IT facilities; and invests in energy and mineral development projects globally. The company also manufactures and markets textiles. It has operations in North America, Central, and South America, Europe, Africa, the Middle East, and Asia. Posco International is headquartered in Seoul, South Korea.

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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.

This information is drawn from GlobalData’s Power Intelligence Center, which provides detailed profiles of over 170,000 active, planned and under construction power plants worldwide from announcement through to operation across all technologies and countries worldwide.