Gray Whale Phase 3 (BadaEnergy)
Same BadaEnergy JV as Phase 1 and 2.
Status
On Holdlifecycle stage
UnlikelyHafrok delivery likelihood
Ownership
Location
South KoreaSea of Japan (East Sea)
Technology
Capacity
495 MW ◇
Turbines
—
Foundation
Floating ◇
Site & conditions
Site rights
Application filed 2021-12 ◇
Water depth
134–150 m ≈
Wind speed
8.3 m/s @ 150 m ≈
Revenue & grid
Offtake
—
Grid
Applied ◇
Connection
KEPCO Ulsan transmission grid ◇
Schedule
FID
Not taken
COD · Hafrok
for registered readers
On hold since
Jan 2026 ◇
Delivery outlook modelled by Hafrok · calibrated on delivered projects
UnlikelyHafrok's delivery likelihood for Gray Whale Phase 3 (BadaEnergy)
On hold. Hafrok's view of a restart is for registered readers.
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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 10 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.
Auction pipeline1
[10]
기후에너지환경부 (MCEE)2026-10-30◆ kr-mcee-h2-2026-notice
"올해 하반기 해상풍력 경쟁입찰의 총 입찰공고 물량은 2,200MW 내외로 고정식 해상풍력 1,700MW 내외, 부유식 해상풍력 500MW 내외를 각각 공고하며" [...] "고정식 해상풍력의 상한가격은 168.937원/kWh이며, 부유식 해상풍력의 상한가격은 174.003원/kWh으로"
supportsSouth Korea 2026 H2 Offshore Wind Auction
Trade press8
[2]
offshoreWIND.biz2022-09-06◆ SK Ecoplant Joins Corio and TotalEnergie…
Press report — cited, not quoted; read it at the source link.
supportsoperatorownerStatusConnection point
[3]
offshoreWIND.biz2024-07-22◆ BadaEnergy Wraps Up EIA Consultation for…
Press report — cited, not quoted; read it at the source link.
supportsDetailOfftake history
[4]
DORIS Group2024-01-01
“Gray Whale 3 is being developed by BadaEnergy, a joint venture between Corio Generation, TotalEnergies and SK ecoplant, with a capacity of 504 MW, making it one of the largest floating offshore wind d…”
supportsTotal capacity
[5]
[6]
[7]
[8]
이투뉴스 (E2News)2022-01-19◆ 2.1GW 울산 부유식 해상풍력단지 발전사업 허가
Copyrighted source — cited, not quoted; read it at the source link.
supportsConsentSite rightsConsent applied
[9]
Ulsan Maeil UTV (via Daum)2026-01-14◆ Ulsan floating wind: BadaEnergy withdraw…
Copyrighted source — cited, not quoted; read it at the source link.
supportsOn hold
Unverified import1
[1]
Early access