Daejeong is a 100.08MW offshore wind power project. It is planned in East China Sea, Jeju, South Korea. The project is currently in permitting stage. It will be developed in single phase. The project construction is likely to commence in 2023 and is expected to enter into commercial operation in 2025.
| Project Type | Total Capacity (MW) | Active Capacity (MW) | Pipeline Capacity (MW) | Project Status | Project Location | Project Developer | Offshore | 100.08 | – | 100.08 | Permitting | Jeju, South Korea | Daejeong Offshore Wind Power |
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Description
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The project is being developed by Daejeong Offshore Wind Power. Korea Southern Power, Samsung Heavy Industries and Doosan Heavy Industries & Construction are currently owning the project having ownership stake of 49.9%, 25.1% and 25% respectively.
The project cost is expected to be around $453.84m. The project will be spread over an area of 5.46km².
The wind power project consists of 18 turbines, each with 5.56MW nameplate capacity.
Development Status
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By GlobalDataThe project construction is expected to commence from 2023. Subsequent to that it will enter into commercial operation by 2025.
Contractors Involved
The rotor blades are likely to be supplied by SSP Technology.
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.
