Yokchijwasari Offshore Wind Power is a 224MW offshore wind power project. It is planned in Sea of Japan, South Gyeongsang, 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 | 224 | – | 224 | Permitting | South Gyeongsang, South Korea | Hyundai Engineering & Construction |
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Description
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The project is being developed and currently owned by Hyundai Engineering & Construction.
The project cost is expected to be around $764.467m. The project will be spread over an area of 47km².
The wind power project consists of 28 turbines, each with 8MW nameplate capacity.
Development Status
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By GlobalDataPost completion of the construction, the project is expected to get commissioned in 2025.
About Hyundai Engineering & Construction
Hyundai Engineering & Construction Co Ltd (Hyundai E&C), a subsidiary of Hyundai Motor Co, is an engineering and construction contracting company. It provides civil and construction works for roads, bridges, harbors, highways and railways. Hyundai E&C also develops properties for residential, commercial and office businesses. The company executes construction projects for nuclear power plants, power generation and industrial plants, and oil, gas and petrochemical plants. Hyundai E&C offers services across total value chain of a project from design, finance, plan, marketing, and procurement. The company has an operational presence in several countries across Asia, Africa, the Middle East, Europe, and the Americas. Hyundai E&C is headquartered in Seoul, 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.
