Shinan-Ui Offshore Wind Farm
Part of the 8.2 GW Shinan offshore wind cluster ambition. Located in the Yellow Sea off Jeonnam province.
Status
Under Constructionlifecycle stage
Near certainHafrok delivery likelihood
Ownership
MFMirae Energy Fund — 40% ◆
HOHanwha Ocean — 26.3% ◆
KMKorea Midland Power (KOMIPO) — 18.9% ◆
SESK Eternix — 10% ◆
HEHyundai Engineering and Construction — 4.8% ◆
Location
South KoreaYellow Sea
Technology
Capacity
390 MW ◆
Turbines
26 × 15 MW ◆
Model
Vestas V236 15-0 ◆
Foundation
Jacket ◆
Site & conditions
Site rights
Seabed rights held ∴
Water depth
9–35 m ≈
Wind speed
8.3 m/s @ 150 m ≈
Revenue & grid
Offtake
Certificate ◇
Grid
—
Schedule
FID
Apr 2026 ◇
COD · announced
2029 ◇
COD · Hafrok
for registered readers
Delivery outlook modelled by Hafrok · calibrated on delivered projects
Near certainHafrok's delivery likelihood for Shinan-Ui Offshore Wind Farm
The developer says 2029. Hafrok's year agrees with that date; the year, the chance and the working are for registered readers.
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Project timeline & ownership verified milestones on the spine · ownership from Hafrok's transactions record
3 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 17 sources (2 primary) · ◆ 10 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
[2]
Korea Energy Agency (KNREC)2023-12◆ 2023 Wind RPS fixed-price auction select…
“Offshore 8 sites 2,067MW applied, 5 sites 1,431MW selected (results per individual plant login)”
supportsMechanismDetail
[5]
Financial Services Commission (FSC), South Korea2026-04-09◆ 보도자료 - 위원회 소식 - 알림마당 - 금융위원회
“Financial consortium for Shinan-Ui Offshore Wind Power Project has been completed. Total project cost KRW 3.4 trillion, loan KRW 2.89 trillion.”
supportsFinal investment decisionCommercial operation
[16]
Shinan County (신안군)2025-03-31◆ 신안군 고시 제2025-21호 공유수면 점용·사용 허가사항 고시 (tex…
“<신재생에너지 2025- 32><전라남도 신안군 우이도리 인근 해상(우이도 남측 약 4km 해상)><해상풍력 발전설비 설치(발전기, 해상변전소, 보소공 설치 등) 및 운영><68,768,720 (직접)2,378,051 (간접)66,390,669><2025-03-26 2055-03-25><서울특별시 중구 청계천로 86, 한화빌딩><한화오션㈜><2025-03-…”
supportsConsentConsent granted
OEM1
[4]
Vestas2025-12-29◆ Vestas secures 390 MW offshore order in …
“Vestas has received a 390 MW order for the Shinan-Ui offshore wind project in Jeollanam Province, South Korea. The project is developed by Shinan-Ui Offshore Wind, a consortium consisting of Hanwha Oc…”
supportsTurbinesModelUnit capacityTotal capacity
Auction results1
[19]
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 press11
[3]
Electric Power Journal (EPJ)2023-12-20◆ 2023 wind fixed-price auction - offshore…
Press report — cited, not quoted; read it at the source link.
supportsTotal capacityMechanismDetail
[6]
KukiNews / Daum2026-04-09◆ Shinan Ui offshore wind project financin…
Copyrighted source — cited, not quoted; read it at the source link.
supportsfinancial_investordeveloperoperatorMechanismDetail
[7]
Daum / trade press (KOMIPO announcement)2026-04-09
“Largest domestic offshore wind PF concluded ... KOMIPO, commercial operation 2029.”
supportsCommercial operation
[9]
[10]
[12]
Money Today Network (MTN)2026-06-24
“지난 4월 착공한 신안우이 해상풍력 프로젝트가 ... 현재는 바다 지반에 말뚝을 박는 파일 설치 단계로, 이 작업은 내년 5월까지 진행된다 (the project, which started construction in April [2026], is currently in the seabed pile-installation stage; this work co…”
supportsOffshore constructionSite rights
[13]
Seoul Shinmun2026-04-16
“이를 바탕으로 이달 중 본공사에 들어간다 (based on the completed financing, main construction begins this month [April 2026])”
supportsOffshore constructionSite rights
[14]
offshoreWIND.biz2026-04-09
Press report — cited, not quoted; read it at the source link.
supportsFinal investment decision
[15]
[17]
SmartToday2026-01-07◆ 현대스틸산업, 6115억 규모 '신안우이 해상풍력' 하부구조물 수주
Press report — cited, not quoted; read it at the source link.
supportsFoundation
[18]
뉴시스 (Newsis)2026-07-18◆ 국민성장펀드 1호 '신안우이 해상풍력' 첫삽…바람소득 시동[하반기 에너지…
Copyrighted source — cited, not quoted; read it at the source link.
supportsStatus note
Unverified import1
[1]
Early access