Wando Geumil Offshore Wind Farm
Located in the Yellow Sea off Wando, South Jeolla. KOEN subsidiary developer.
Status
Advanced Developmentlifecycle stage
LikelyHafrok delivery likelihood
Ownership
KOEN — 100% ◇Location
South KoreaYellow Sea
Technology
Capacity
600 MW ◆
Turbines
—
Maker
Vestas (model not recorded) ◆
Foundation
—
Site & conditions
Site rights
Application filed 2018-11 ◇
Water depth
16–33 m ≈
Wind speed
7.9 m/s @ 150 m ≈
Revenue & grid
Offtake
Certificate ◇
Grid
Secured · Dec 2019 ◇
Schedule
FID
Not taken
COD · announced
Dec 2029 ◇
COD · Hafrok
for registered readers
Delivery outlook modelled by Hafrok · calibrated on delivered projects
LikelyHafrok's delivery likelihood for Wando Geumil Offshore Wind Farm
The developer says Dec 2029. Hafrok's year sits later than that; 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
1 dated milestone 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 16 sources (2 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
[3]
Korea Energy Agency (KNREC)2023-12◆ 2023 Wind RPS fixed-price auction select…
“□ 상한가격 (SMP+1REC) ㅇ(육지)167,778원/MWh,(제주)173,395원/MWh”
supportsMechanismDetail
OEM1
[12]
Vestas Wind Systems A/S2023-03-01◆ Vestas selected as preferred supplier fo…
“Vestas is proud to announce the signing of preferred supplier agreement with Korea South-East Power Company (KOEN) for the 600 MW Wando Geumil offshore wind project in Wando-Gun, South Jeolla Province…”
supportsMakerTotal capacity
Auction results1
[16]
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
[2]
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
[4]
Industry News Korea2024-01-26
“2016년 완도군과 MOU 체결 후 발전사업허가 취득(2018.11), 송전이용계약 체결(2019.12), 환경영향평가 협의(2023.9) 등 주요 인허가를 추진하고 있으며”
supportsConsentSite rightsStatusConsent applied
[5]
Asia Economy (아시아경제)2026-02-27
Press report — cited, not quoted; read it at the source link.
supportsStatus note
[6]
offshoreWIND.biz2025-04
Press report — cited, not quoted; read it at the source link.
supportsoperator
[7]
[8]
Power Technology2024
Press report — cited, not quoted; read it at the source link.
supportsTotal capacity
[9]
[10]
[11]
Asia Today (아시아투데이)2026-08-18
“당초 10월 착공을 목표로 했던 완도금일 해상풍력 사업이 오는 11월 주요 계약과 출자를 거쳐 내년 본공사에 들어갈 전망이다 ... 2029년 12월 600MW 준공 추진 ... 남동발전은 11월 현대건설 컨소시엄과 설계·조달·시공(EPC) 본계약을 체결하고 베스타스 터빈공급계약(TSA), 특수목적법인(SPC) 출자도 마무리할 계획으로 ... 연말에서 내년…”
supportsCommercial operationMaker
[13]
스마트투데이 (Smart Today)2026-02-27◆ 하나은행, 완도금일해상풍력 발전단지 조성 업무협약
Press report — cited, not quoted; read it at the source link.
supportsStatus note
[14]
헤럴드경제 (Herald Kyungje)2026-06-17◆ 하나은행, 3.7조 규모 완도금일해상풍력 발전단지 금융주선 계약
Copyrighted source — cited, not quoted; read it at the source link.
supportsStatus note
[15]
파이낸셜뉴스 (Financial News)2026-07-21◆ Hana Bank, Wando Geumil offshore wind fi…
Copyrighted source — cited, not quoted; read it at the source link.
supportsStatus note
Unverified import1
[1]
unknown
Press report — cited, not quoted; read it at the source link.
supportsTotal capacityWater depthCoordinates
Early access