Tamra Offshore Wind Farm, South Korea

Tamra Offshore Wind Farm is a 30MW offshore wind power project. The project is located in East China Sea, Jeju, South Korea. The project is currently active. It has been developed in multiple phases. Post completion of construction, the project got commissioned in November 2017.

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Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.

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Project Type	Total Capacity (MW)	Active Capacity (MW)	Pipeline Capacity (MW)	Project Status	Project Location	Project Developer
Offshore	30	30	–	Active	Jeju, South Korea	Korea South-East Power

Description

The project was developed by Korea South-East Power. The project is currently owned by Doosan Heavy Industries & Construction with a stake of 36% and Korea South-East Power.

The wind turbines in the project are installed on fixed foundations. An array of jacket foundations feature in the project.

The project generates 85,000MWh electricity and supplies enough clean energy to power 24,000 households. The project cost is $124m.

Development Status

The project is currently active. The project got commissioned in November 2017.

Contractors Involved

Doosan Heavy Industries & Construction was selected to render EPC services for the wind power project.

Doosan Heavy Industries & Construction was selected as the turbine supplier for the wind power project. The project consists of 10 units of WinDS3000 turbines, each with 3MW nameplate capacity.

About Korea South-East Power

Korea South-East Power Co Ltd (KOSEP), a subsidiary of Korea Electric Power Corp, is an electric utility. It produces and sells electricity in domestic and international markets. The company develops electric power resources; and generates electricity using coal, gas, steam, hydro, solar and other sources. KOSEP trades electricity through Korea Power Exchange to KEPCO as its trading partner. The company operates various thermal power plants, combined cycle power plant, internal combustion, hydro, solar and other renewable energy plants. KOSEP is headquartered in Jinju, Gyeongsangnam-do, 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.