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% ◆
SESK Eternix — 10% ◆
HEHyundai Engineering and Construction — 4.8% ◆
Location
South Korea
Yellow 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.
Free for registered readers in early access · register below ↓

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
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
For registered readers · register below ↓

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
For registered readers · register below ↓

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]
GEM2026
supportsTotal capacityCoordinates
[10]
GEBCO Compilation Group2020
supportsWater depth
[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]
DTU Wind Energy / World Bank (Global Wind Atlas)2026
supportsMean wind speed
[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]
unknown◆ South Korea Offshore Wind
supportsTotal capacityWater depthCoordinates
Early access

Follow the offshore wind projects that matter to you.

Hafrok's data and analysis. Free while in early access.

  • The data, in full: the project database as an Excel workbook, Hafrok's expected delivery outlook on every project still to build, the full project records, the transaction database and the developer profiles
  • Hafrok Monitor: follow projects, developers or countries, and Hafrok Monitor mails you what moved on your list, with the source and the date: every Monday morning, or as it happens
  • Hafrok Commentary: analysis of the offshore wind market, when there is something to say
Register, free.

Name and email, no password. Everything listed here opens across the site.

Registering includes news on the projects you follow (Hafrok Monitor), notices about your account, and the occasional question from me about how Hafrok works for you. Switch the Monitor off on your account page, or unsubscribe from any mail with one click. Privacy.