Developer profile

KOEN

outlook pending Jinju, South Korea

About

synthesis · audited 2026-08 as of 2026-07

A South Korean state generation company, one of several created when the national utility KEPCO's generation business was separated, with a fleet built on coal and gas. Its offshore wind activity is domestic and small relative to that fleet, pursued as part of Korea's renewable portfolio obligations rather than as a standalone commercial strategy.

9 yrs
In the waterfirst COD 2017
2
Projects1 country
0.03 GW
Delivered & operating1 project, net of stake

Outlook

Stated target
Target discontinued / none stated
Return discipline

Portfolio

2 held · live stages first, exits last
Operational · 0.03 GW (1)Advanced Development · 0.60 GW (1)

Capacity is net of ownership stake — a 50% JV counts half. Gross exposure (full nameplate of every project held): 0.63 GW.

ProjectCountryStageMWStakeNet MW
Tamra Offshore Wind Farm South Korea Operational 30 100% 30
Wando Geumil Offshore Wind Farm South Korea Advanced Development 600 100% 600