Yeonggwang Project is a 1,200MW offshore wind power project. It is planned in Yellow Sea, South Jeolla, 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 2028 and is expected to enter into commercial operation in 2030. Buy the profile here.
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Description
The project is being developed by Hexicon Korea. Hexicon Korea and Others are currently owning the project having ownership stake of 60% and 40% respectively. The turbines will be mounted on floating type foundations.
Development status
The project construction is expected to commence from 2028. Subsequent to that it will enter into commercial operation by 2030.
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About Hexicon Korea
Hexicon Korea Co Ltd (Hexicon Korea) formerly CoensHexicon Co Ltd, is a joint venture company between Hexicon AB and Coens Co., Ltd. The purpose is to transfer the Hexicon platform technology to the new joint venture and offer serial production of Korea manufactured units for floating offshore wind power in South Korea and other agreed markets.
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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.
