Bandibuli Floating Wind Farm (Equinor Firefly)
Also known as Firefly. Equinor leads; Jeonnam province context but Ulsan-area project. Co-located with Ulsan floating wind cluster.
Status
Cancelledlifecycle stage
Ownership
Equinor — 100% ◇Location
South KoreaSea of Japan (East Sea)
Technology
Capacity
750 MW ◇
Turbines
—
Foundation
Floating ◇
Site & conditions
Site rights
Application filed 2021-12 ◇
Water depth
178–415 m ≈
Wind speed
8.4 m/s @ 150 m ≈
Revenue & grid
Offtake
Certificate project cancelled ◇
Grid
Secured · Oct 2024 ◇
Connection
KEPCO Ulju-gun substation, Ulsan (345 kV) ◇
Schedule
COD
2030 expected ○
Cancelled
May 2026 ◇
Project timeline & ownership verified milestones on the spine · ownership from Hafrok's transactions record
2 dated milestones on the spine, each with its source · the ownership chain from Hafrok's transactions record · the developer's announced-COD history
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Revenue & offtake contract terms, price levels and the route to market
the contract terms on record · price over time in money of the day · the routes to market and the next visible round
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Installation how the build is going · from sourced statements and Hafrok's registers
construction status and turbines standing · vessel and port contracts · the grid connection and whether it is ready in time
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Sources & verification
Rests on 11 sources · ◆ 6 documents held
◆Verified≈Modelled◇Sourced∴Inferred⌁Convention○Unverified∅No source·Derived
Numbers are stable citation ids — grouped by source class, so they are not consecutive.
Operator1
[4]
Equinor Korea2024-10◆ Five Ulsan Floating Offshore Wind Power …
“Five developers have signed a contract with Korea Electric Power Corporation (hereinafter referred to as KEPCO) for the use of the world's largest 6GW floating offshore wind power transmission electri…”
supportsStatusConnection point
Auction results1
[15]
Shin and Kim2026-06-22◆ kr-rps-wind-2024-kr-rps-terms
Korea RPS fixed-price offshore: completion-period bands 60/72/78 months; REC-price cut / cancellation on miss
supportsUtility PPA · South Korea 2024 Wind Fixed-Price Auction — fixed-bottom + floating offshore
Trade press8
[2]
Offshore Wind (Navingo)2024-12◆ South Korea Awards Nearly 1.9 GW of Offs…
Press report — cited, not quoted; read it at the source link.
supportsTotal capacityMechanismDetail
[5]
Tethys (PNNL)2026-06◆ Firefly/Bandibuli Floating Wind Farm | T…
“EBL Status: Approved in December 2021. EIA Status: Approved July 2024. The Ministry of Environment completed its review following a two-year evaluation process. Permitting/Consent Status: Planning.”
supportsConsentSite rightsConsent applied
[7]
reNEWS2025-09
Press report — cited, not quoted; read it at the source link.
supportsoperator
[8]
[9]
[10]
[11]
MarineLink (Reuters wire)2026-06-26◆ Equinor Scuttles Japanese Offshore Wind
Copyrighted source — cited, not quoted; read it at the source link.
supportsCancelledMechanismDetail
[13]
Electimes (Jeongi Shinmun)2026-01-07◆ Electimes 2026-01-07 (Bandibuli REC sale…
Press report — cited, not quoted; read it at the source link.
supportsMechanismDetail
Unverified import1
[1]
Early access