Taean Wind Power
Located in the Yellow Sea off Taean Peninsula, South Chungcheong. CIP holds stake alongside Vena Energy.
Status
Advanced Developmentlifecycle stage
ExpectedHafrok completion outlook
Ownership
VEVena Energy — 51% ◇
CICopenhagen Infrastructure Partners — 49% ◇
Location
South KoreaYellow Sea
Technology
Capacity
504 MW ◇
Turbines
—
Foundation
—
Site & conditions
Site rights
Application filed ○
Water depth
24–45 m ≈
Wind speed
7.5 m/s @ 150 m ≈
Revenue & grid
Offtake
Certificate ◇
Grid
—
Schedule
FID
Not taken
COD · announced
2030 ◆
COD · Hafrok
2030 expected
Delivery outlook modelled by Hafrok · calibrated on delivered projects
2030
expected year of commercial operation
Chance of delivery
≈77%
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, its size 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 ≈77%, 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
500 MW contracted — utility PPA
● Utility PPA · South Korea 2024 Wind Fixed-Price Auction — fixed-bottom + floating offshore
Priceprice undisclosed ·Capacity500 MWAwardedDec 2024Term20 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
Sources & verification
2/11 fields verified · rests on 9 sources (1 primary) · ◆ 6 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
[5]
Copenhagen Offshore Partners (COP)2025-01-24◆ Copenhagen Offshore Partners | Taean Win…
“Taean Wind Power, a 500 MW fixed-bottom offshore wind project … has secured a Fixed-Price Offtake Contract through the 2024 Wind Power Fixed-Price Contract Auction, arranged by the Korea Energy Agency…”
supportsoperatorinvestorTotal capacityMechanismDetail
[10]
Ministry of Climate, Energy and Environment (기후에너지환경부)2026-07-08◆ 태안해상풍력 민관 공동개발 추진
“한국서부발전(사장 이정복)이 7월 8일 오전 한국전력공사 남서울본부(서울 영등포구 소재)에서 국내·외 해상풍력 개발사인 뷔나에너지(Vena Energy) 및 코펜하겐인프라스트럭쳐파트너스(CIP)와 태안해상풍력 공동개발협약을 체결한다고 밝혔다. 태안해상풍력 개발사업은 태안군 서측 해상에 2030년 준공을 목표로 500MW 규모의 해상풍력 발전단지를 건설하는 …”
supportsCommercial operation
Auction results1
[11]
Shin and Kim2026-06-22◆ kr-rps-wind-2024-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 2024 Wind Fixed-Price Auction — fixed-bottom + floating offshore
Trade press5
[3]
Offshore Wind (Navingo)2024-12-19◆ South Korea Awards Nearly 1.9 GW of Offs…
Press report — cited, not quoted; read it at the source link.
supportsTotal capacity
[4]
Tamarindo2024-12-19◆ Equinor, Anma and Vena win in 2024 South…
Press report — cited, not quoted; read it at the source link.
supportsTotal capacity
[7]
[8]
[9]
Unverified import1
[1]
unknown◆ Copenhagen Offshore Partners | Taean Off…
supportsConsentSite rightsTotal capacityWater depthCoordinates