Hanbit Offshore Wind Farm
A 340 MW fixed-bottom project off Nakwol-myeon, Yeonggwang-gun, South Jeolla, developed by Myoungwoon Industrial Development - the same developer as the neighbouring Nakwol project - with Thailand's B.Grimm Power holding 49% of the project…
Status
Advanced Developmentlifecycle stage
ExpectedHafrok completion outlook
Ownership
BGB.Grimm Power — 49% ◇
Location
South KoreaYellow Sea
Technology
Capacity
340 MW ◇
Turbines
25 × 13.6 MW ◇
Foundation
Fixed-bottom (structure not recorded) ◇
Site & conditions
Site rights
Application filed 2024-11 ◆
Revenue & grid
Offtake
Certificate ◆
Grid
Secured · 2023-12 ◆
Connection
Seo-Hongnong switching station (서홍농개폐소) ◆
Schedule
FID
Not taken
COD · announced
Jan 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)
| Year | Probability |
|---|---|
| 2029 | 3.9% |
| 2030 (expected) | 50.2% |
| 2031 | 29.5% |
| 2032 | 10.6% |
| 2033 | 3.8% |
| 2034 | 1.4% |
| 2035 | 0.6% |
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
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
340 MW contracted — utility PPA
● Utility PPA · South Korea 2026 H1 Offshore Wind Auction (fixed-bottom general + public-led + floating)
Priceprice undisclosed ·Capacity340 MWAwardedJun 2026Term20 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 operation2030-01
Sources & verification
4/10 fields verified · rests on 9 sources (1 primary) · ◆ 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.
Operator2
[1]
기후에너지환경부 (MCEE)2026-06-30◆ '26년 상반기 해상풍력 입찰 결과 5개 사업 1,786MW 선정
“「2026년 상반기 해상풍력 고정가격계약 경쟁입찰 결과, 총 3,656MW, 9개 사업이 응찰해 5개 사업, 1,786MW가 최종 선정되었다.」 NB the release names no project and publishes no per-project price.”
supportsMechanismDetail
[3]
한빛해상풍력(주) (Hanbit Offshore Wind Co., Ltd.)2026◆ 추진경과 / 인허가 진행 현황
“완료: 「발전사업허가 취득 완료 (산업통상자원부)」('23.02); 「송전용 전기설비 이용 계약 완료 (한국전력 광주전남본부)」('23.12); 「해상교통 안전진단 완료 (해양수산부)」('24.11); 「환경영향평가(본안) 협의 완료」('24.11). 향후 계획: 「2026·11 공유수면 점·사용 허가 취득 (영광군)」; 「2027·04 공사계획인가완료」;…”
supportsConsentCommercial operationSite rightsStatusConnection point+1 more
Auction results1
[11]
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)
Trade press6
[2]
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
[4]
Kaohoon International2024-03-06
"B.Grimm Power Korea acquires 893,324 shares being 49% of the issued shares in Hanbit Wind Power Co., Ltd." purchased from Mr. Kim Kang Hak at USD 25,284,000. "Hanbit Wind has obtained a grid connecti…
supportssponsor
[5]
이데일리 (Edaily)2026-07-01
“「13.6MW급 해상풍력터빈 25기를 공급할 예정」 (25 units of the 13.6 MW-class offshore wind turbine are to be supplied.) 25 x 13.6 = 340 MW exactly.”
supportsTurbinesUnit capacity
[6]
일렉트릭파워 (Electric Power Journal)2026-06-30
“「유니슨이 벤시스와 라이선스 계약을 맺어 사천공장에서 조립·생산하는 13.6MW급 풍력터빈(GWH252)이 설치될 예정이다.」 「벤시스는 중국 풍력터빈 제조사인 골드윈드가 2008년 인수한 독일 회사로 지분 70%를 모기업인 골드윈드에서 보유하고 있다.」 Establishes Unison as the SUPPLIER, not an owner.”
supportsBackground
[7]
offshoreWIND.biz2025-09-03◆ South Korea Awards 689 MW of Offshore Wi…
Press report — cited, not quoted; read it at the source link.
supportsdeveloper
[8]
전기신문 (Electimes)2024-12-20
Press report — cited, not quoted; read it at the source link.
supportsBackground