Nakwol
Nakwol is an offshore wind farm in the Yellow Sea, South Korea, owned by Myoungwoon Industrial Development and B.Grimm Power, under construction with commercial operation expected December 2026.
Status
Under Constructionlifecycle stage
Near certainHafrok delivery likelihood
Ownership
BGB.Grimm Power — 49% ◆
Location
South KoreaYellow Sea
Technology
Capacity
364.8 MW ◇
Turbines
64 × 5.7 MW ◇
Model
Vensys 5-7 ◇
Foundation
Monopile ◇
Site & conditions
Site rights
Seabed rights held ∴
Water depth
9–20 m ≈
Wind speed
7.1 m/s @ 100 m ≈
Revenue & grid
Offtake
—
Grid
—
Schedule
FID
Taken · date not recorded ∴
COD · announced
Dec 2026 ◇
COD · Hafrok
for registered readers
Delivery outlook modelled by Hafrok · calibrated on delivered projects
Near certainHafrok's delivery likelihood for Nakwol
The developer says Dec 2026. Hafrok's year sits later than that; the year, the chance and the working are for registered readers.
Free for registered readers in early access · register below ↓
Project timeline & ownership verified milestones on the spine · ownership from Hafrok's transactions record
4 dated milestones on the spine, each with its source · the ownership chain from Hafrok's transactions record · the developer's announced-COD history
For registered readers · register below ↓
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 14 sources (1 primary) · ◆ 7 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
[10]
Yeonggwang County (영광군)2021-04-01◆ 영광군 고시 제2021-32호 공유수면 점·사용 허가 고시 (영광 낙월 …
“1. 허가번호 : 영광군 제2021 - 03호2. 허가년월일 : 2021년 3월 31일3. 점․사용의 목적 : 영광 낙월 해상풍력발전단지 건설공사 및 운영4. 점․사용의 장소 : 영광군 낙월면 안마도 해상 일원”
supportsConsentConsent granted
Auction results1
[14]
Shin and Kim2026-06-22◆ kr-rps-wind-2023-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 2023 Wind Fixed-Price Auction — offshore carve-out
Trade press12
[1]
Global Energy Monitor2025
supportsFinal investment decisionOnshore constructionOffshore constructionSite rightsTotal capacity
[2]
[3]
4C Offshore2025
Press report — cited, not quoted; read it at the source link.
supportsTurbinesModelUnit capacityFoundation
[4]
[5]
Kaohoon International2025-10-17
“B.Grimm Power Korea directly holds 49% of the issued shares in Nakwol 1. [after acquiring an additional 20.8% from Myungwoon Industry Development and selling its 29% holding in Myungwoon back to that …”
supportsdeveloperowner
[6]
[7]
전기신문 (Electimes)2025-12-10
Press report — cited, not quoted; read it at the source link.
supportsFirst power
[8]
헤럴드경제 미주판 (Herald Economy, US edition)2026-06-11◆ 낙월해상풍력, 13개월만에 모노파일 64기 시공 완료
Copyrighted source — cited, not quoted; read it at the source link.
supportsOnshore constructionOffshore constructionSite rightsFoundation
[9]
아시아경제 (Asia Economy)2025-12-10◆ 낙월해상풍력 첫 상업운전 — 2024년 3월 착공 이후 21개월 만
Press report — cited, not quoted; read it at the source link.
supportsOnshore constructionOffshore constructionSite rightsTurbinesUnit capacity+1 more
[11]
스마트투데이 (Smart Today)2025-09-10◆ 태국 방콕은행·B.Grimm 회장단, 낙월해상풍력 현장 방문
Press report — cited, not quoted; read it at the source link.
supportsModel
[12]
전자신문 (Electronic Times)2026-10-01◆ [르포] 서해에 364.8㎿ '바람 발전소' 우뚝…낙월해상풍력 97.5%…
Copyrighted source — cited, not quoted; read it at the source link.
supportsCommercial operation
[13]
메트로신문 (Metro Shinmun)2026-10-02◆ [현장] 165m 블레이드가 만드는 바다 위 발전소… 25만가구 전기 만…
Copyrighted source — cited, not quoted; read it at the source link.
supportsStatus note
Early access