Hafrok

Geumodo Offshore Wind Farm

A 160 MW fixed-bottom project in the waters off Geumo Island, Nam-myeon, Yeosu, South Jeolla, taken forward by a special-purpose company jointly established by DL Energy and Korea Midland Power (KOMIPO).

Status
Advanced Developmentlifecycle stage
ExpectedHafrok completion outlook
Ownership
DLDL Energy ◇
KMKorea Midland Power (KOMIPO) ◇
Location
South Korea
Verification
5/8 fields verified
9 sources · ◆ 5 documents held
◆verified◇sourced·derived
open the source register →
Technology
Capacity 160 MW ◆ Turbines — ◇ Foundation Fixed-bottom (structure not recorded) ◆
Site & conditions
Site rights Application filed 2021-11 ◆
Revenue & grid
Offtake Certificate ◆
Grid —
Schedule
FID Not taken
COD · announced 2030 ◇
COD · Hafrok 2030 expected

Delivery outlook modelled by Hafrok · calibrated on delivered projects

2030
expected year of commercial operation
Chance of delivery
≈79% estimated chance this project reaches commercial operation
Advanced Development projects complete ≈75% of the time on Hafrok's record. A secured offtake contract lifts this one above that; a market with a thinner delivery record and technical complexity pull the other way.
COD outlook
If it completes, when — Hafrok’s probability by year (teal)
20%40%60%80%100% 2029: 3.9% (conditional on completion) 2030: 50.2% (conditional on completion) 2031: 29.5% (conditional on completion) 2032: 10.6% (conditional on completion) 2033: 3.8% (conditional on completion) 2034: 1.4% (conditional on completion) 2035: 0.6% (conditional on completion)2026now202720282029203050%20312032203320342035 Developer-announced COD: 2030 — in line with Hafrok’s expected year ANNOUNCED = EXPECTED 2030
COD probability by year, conditional on completion
YearProbability
20293.9%
2030 (expected)50.2%
203129.5%
203210.6%
20333.8%
20341.4%
20350.6%
How Hafrok got this date
1
Starting point: the last dated milestone
Consent granted in 2026. From there Hafrok adds how long similar projects (in developing offshore-wind markets) took to reach commercial operation, measured on projects that have delivered.
2
Typical timing
Starting point plus the typical remaining time gives a middle estimate of 2031; the faster quarter of similar projects would be done by 2029, the slower quarter not until 2031.
3
Result
Expected commercial operation 2030, likely range 2029–2031 (the middle half of outcomes for similar projects). The developer's announced date falls inside that likely range, so the announced date is adopted.
4
Year-by-year chart
The bars spread that estimate across years using how similar projects actually slipped against their dates — more often late than early, which is why the bars lean right.
5
Chance of delivery — separate from timing
Start from the share of Advanced Development projects that went on to complete — ≈75%, measured on Hafrok's record of delivered and abandoned projects, with an allowance held back where that record cannot yet speak (projects still unresolved, changed market conditions). Consented projects have historically completed at very high rates, but the 2023–25 downturn showed consented-but-unfinanced projects can still fail — the estimate holds back for the offtake and financing gates still ahead. Then adjust for this project's own evidence — offtake, market, size, technical complexity — to ≈79%, which rates it Expected on Hafrok's four-step delivery scale (Delivering · Expected · Prospective · Fragile).

Project timeline verified milestones only — each date carries its provenance mark

2022’23’24’25’26’27’28’29’30Developer-announced COD: 2030 announced COD 2030View the source for Consent appliedConsent applied Nov 2021 ◆Commercial operation 2030 ·Hafrok expected
Dashed tick marks today (9 Sep 2026). The ▲ below the spine is the developer-announced COD.

Revenue & offtake contract duration and price levels · money of the day

160 MW contracted — utility PPA
● Utility PPA · South Korea 2026 H1 Offshore Wind Auction (fixed-bottom general + public-led + floating)
Priceprice undisclosed ·Capacity160 MWAwardedJun 2026
Term20 yrs

Installation how the build is going · from satellite counts and Hafrok’s registers

Installation not started
nothing to count yet: the satellite tracker begins when offshore construction does
Installation · on record
StageAdvanced Development
Offshore constructionnot started
Expected start of operation2030

Sources & verification

5/8 fields verified · rests on 9 sources · ◆ 5 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.
Operator3
[1]
기후에너지환경부 (MCEE)2026-06-30◆ '26년 상반기 해상풍력 입찰 결과 5개 사업 1,786MW 선정
“「공공주도형 입찰 시장에서는 2개 사업이 응찰해 1개 사업(160MW)이 선정되었고, 일반 입찰 시장에서는 4개 응찰 사업 중 3개 사업(1,094MW)이 선정되었다.」 「터빈 또한 우리 기술력과 공급망이 잘 갖춰진 10MW급 터빈을 채택한 사업들은 모두 선정되었다.」 NB the release names no project and publishes no …”
supportsTotal capacityMechanismDetail
source ↗
[2]
한국에너지공단 신·재생에너지센터 (Korea Energy Agency)2026-06-30◆ '26년 상반기 풍력 고정가격계약 경쟁입찰 사업자 선정 결과
“「공고용량: 공공주도형 고정식 400MW내외 …」; results 「공공주도형 접수 2/560 -> 선정 1/160, 경쟁률 1.40:1」. The track is named 공공주도형 고정식 - public-led FIXED-BOTTOM. Per-plant results are login-gated.”
supportsTotal capacityFoundation
source ↗
[4]
산업통상자원부 (MOTIE)2022-01-21◆ 해상풍력TF 2차회의 붙임2 대상사업
“「7 여수금오도해상풍력 '21.11 '24.12 152 디엘에너지」 (Yeosu Geumodo Offshore Wind | licence Nov 2021 | construction expected Dec 2024 | 152 MW | DL Energy.) Footnote: 「* 사업별 용량은 발전사업 허가 당시 용량으로 추후 세부 발전기 스펙에 따라 변경가능…”
supportsConsentSite rightsConsent applied
source ↗
Auction results1
[9]
기후에너지환경부 (MCEE), via 대한민국 정책브리핑 (korea.kr)2026-06-30◆ kr-2026h1-mcee-result
"2026년 상반기 해상풍력 고정가격계약 경쟁입찰 결과, 총 3,656MW, 9개 사업이 응찰해 5개 사업, 1,786MW가 최종 선정되었다. 기후에너지환경부(장관 김성환)는 6월 30일 한국에너지공단이 2026년 상반기 해상풍력 고정가격계약 경쟁입찰 결과를 확정하고, 입찰 사업자에게 개별 통보했다고 밝혔다. … 고정식 해상풍력은 총 1,254MW가 선정되…
supportsUtility PPA · South Korea 2026 H1 Offshore Wind Auction (fixed-bottom general + public-led + floating)
source ↗
Trade press5
[3]
offshoreWIND.biz2026-07-02◆ Cip secures 1 gw across two projects in …
Press report — cited, not quoted; read it at the source link.
supportsTotal capacityFoundation
source ↗
[5]
조선비즈 (ChosunBiz)2026-06-30
“「공공주도형은 금오도해상풍력(160MW, 전남 여수 금오도 인근 해역)이 선정됐다.」 「굴업도해상풍력, 금오도해상풍력은 두산에너빌리티가 만든 10MW급 터빈을 쓴다.」 NB gives CLASS and MAKER only - no model designation and no turbine count.”
supportsUnit capacity
source ↗
[6]
디지털데일리 (Digital Daily)2026-07-02
“「DL에너지와 한국중부발전이 공동 설립한 특수목적법인(SPC)이 추진한다」 「2027년 말 최종 투자 결정을 거쳐 2030년 상업운전을 시작하는 것이 목표」 (An SPC jointly established by DL Energy and KOMIPO will carry it out; the goal is commercial operation in 2030 …”
supportsdevelopersponsorCommercial operation
source ↗
[7]
에너지데일리 (Energy Daily)2026-07-02
“「2027년 12월 최종 투자결정을 거쳐」 … 「2030년경 상업운전을 시작할 계획」 (…plans to begin commercial operation AROUND 2030.) The 「경」 ("around") is why COD is held at bare year precision.”
supportsBackground
source ↗
[8]
김·장 법률사무소 (Kim & Chang)2026-03-31
“「공공기관 또는 지방공기업이 합동출자 시 50% 초과, 단독출자 시 34% 이상의 지분을 보유하여야 합니다.」 「정부 R&D 실증 과제 … 를 통해 개발된 터빈을 사용하는 경우에는 20% 이상, 10% 이상으로 요건이 완화됩니다.」”
supportsBackground
source ↗