KOEN

Korea South-East Power (KOEN) is one of six generation companies separated from the Korean utility KEPCO (Korea Electric Power Corporation), and sells all its power to KEPCO through the power exchange. Its fleet is thermal: of 9,364 MW operating at the end of June 2026, 7,869 MW was steam plant and 922 MW combined cycle, against 573 MW new and renewable plant, and coal dominates its fuel purchases. Offshore wind is domestic and small: its subsidiary Tamra Offshore Wind runs a farm off Jeju, and a Wando Geumil project is in its investment plan, both framed as meeting Korea's Renewable Portfolio Standard (RPS), an obligation to supply renewable power. In September 2025 it signed a memorandum of understanding with Ørsted to explore joining Ørsted's Incheon project.

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