Hallym Offshore Wind Farm is a 150.08MW offshore wind power project. It is planned in Korea Strait, Jeju, South Korea. The project is currently in permitting stage. It will be developed in multiple phases. The project construction is likely to commence in 2022 and is expected to enter into commercial operation in 2024.

Project Type Total Capacity (MW) Active Capacity (MW) Pipeline Capacity (MW) Project Status Project Location Project Developer
Offshore 150.08 – 150.08 Permitting Jeju, South Korea Korea Electric Power

Description

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The project is being developed by Korea Electric Power. Baram, DL Energy, Korea Electric Power and Korea Midland Power are currently owning the project.

Development Status

The project construction is expected to commence from 2022. Subsequent to that it will enter into commercial operation by 2024.

Contractors Involved

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Hyundai Engineering & Construction and Korea Electric Power are expected to render EPC services for the Hallym Offshore Wind Farm (Hallym Offshore Wind Farm Phase I).

Hallym Offshore Wind Farm (Hallym Offshore Wind Farm Phase I) will be equipped with Doosan Heavy Industries & Construction turbines. The phase consists of 18 turbines, each with 5.56MW nameplate capacity.

Doosan Heavy Industries & Construction is expected to perform operations and maintenance for the Hallym Offshore Wind Farm (Hallym Offshore Wind Farm Phase I).

About Korea Electric Power

Korea Electric Power Corp (KEPCO) is an integrated electric utility. It generates, transmits, and distributes electricity. The company produces electricity using nuclear, thermal, renewable and other sources. Through power purchase agreements with independent power producers, KEPCO procures electricity. It also provides plant maintenance and engineering services for thermal and nuclear power plants; information services and communication line leasing; and sells nuclear fuel. KEPCO serves residential, commercial, educational, industrial, agricultural, street lighting, and overnight power customers in the country. The company is owned by Korea Development Bank, foreign investors, Government of the Republic of Korea, and others. KEPCO is headquartered in Naju-si, Jeollanam-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.