Yeonggwang Yawol Offshore Wind Farm
Located in Yellow Sea off Yeonggwang/Yawol, Jeonnam. Daehan Green Power (Korean IPP).
Status
Early Developmentlifecycle stage
ProspectiveHafrok completion outlook
Ownership
DGDaehan Green Power — 100% ◆
Location
South KoreaYellow Sea
Technology
Capacity
104 MW ◆
Turbines
13 × 8 MW ◆
Model
Doosan Enerbility 8 ◆
Foundation
—
Site & conditions
Site rights
Application filed ◆
Water depth
2–11 m ≈
Wind speed
6.9 m/s @ 100 m ≈
Revenue & grid
Offtake
Other ◇
Grid
—
Schedule
FID
Not taken
COD · announced
Mar 2029 ◆
COD · Hafrok
2034 expected
Delivery outlook modelled by Hafrok · calibrated on delivered projects
2034
expected year of commercial operation
The developer says 2029-03; Hafrok expects 2034 — 5 years later.
Chance of delivery
≈60%
estimated chance this project reaches commercial operation
Early Development projects complete ≈61% of the time on Hafrok's record. A secured offtake contract lifts this one slightly; a market with a thinner delivery record and technical complexity pull a little the other way.
COD outlook
If it completes, when — Hafrok’s probability by year (teal)
| Year | Probability |
|---|---|
| 2033 | 14.1% |
| 2034 (expected) | 28.0% |
| 2035 | 22.7% |
| 2036 | 14.6% |
| 2037 | 8.7% |
| 2038 | 5.1% |
| 2039 | 3.1% |
| 2040 | 1.8% |
| 2041 | 1.1% |
| 2042 | 0.7% |
How Hafrok got this date
1
No dated milestone yet
Nothing is consented or financed with a date, so the estimate starts from today (
2026), adds the time similar projects (in developing offshore-wind markets) took from consent to operation, plus an allowance for obtaining consent.2
Earliest credible date
Typical consent-to-operation time plus allowances means commercial operation before
2034 is not credible.3
Result
Expected commercial operation
2034, likely range 2034–2039 (the middle half of outcomes for similar projects). With no milestone to build from, the earliest credible date is the estimate, with a deliberately wide range.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 Early Development projects that went on to complete — ≈61%, 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). About three in four early-stage projects with a final outcome went on to operate — a record from an easier era. Most of today's early pipeline is still unresolved, so the estimate discounts it. Then adjust for this project's own evidence — offtake, market, size, technical complexity — to ≈60%, which rates it
Prospective 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
104 MW contracted — utility PPA
● Utility PPA · South Korea 2024 Wind Fixed-Price Auction — fixed-bottom + floating offshore
Priceprice undisclosed ·Capacity104 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
StageEarly Development
Offshore constructionnot started
Expected start of operation2029-03
Sources & verification
8/15 fields verified · rests on 11 sources · ◆ 2 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.
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 press9
[2]
Global Energy Monitor2024
“Pre-construction 104 MW ... Daehan Green Power Corp [100%] (대한그린에너지)”
supportsoperator
[3]
Offshore Wind Biz2024
Press report — cited, not quoted; read it at the source link.
supportsTotal capacityMechanismDetail
[4]
[5]
[6]
The Asia Business Daily2026
supportsCommercial operationTurbinesModelUnit capacityTotal capacity
[7]
Doosan Enerbility2025-12-31
“KRW 575 billion ... thirteen units of Doosan Enerbility's 8MW offshore wind turbine (DS205-8MW) ... performing the EPC services required for the overall wind farm construction ... The Yeonggwang Yawol…”
supportsCommercial operationTurbinesModelUnit capacityTotal capacity
[8]
[9]
Energy Times (에너지타임즈)2020-10-06
“발전사업허가를 취득해 추진 중인 발전설비용량 3MW 이상 해상풍력발전사업은 22개인 것으로 집계됐다 ... 대한그린에너지 영광야월해상풍력발전사업(49.8MW)”
supportsConsentSite rights
[10]
Unverified import1
[1]
unknown◆ South Korea Awards Nearly 1.9 GW of Offs…
Press report — cited, not quoted; read it at the source link.
supportsTotal capacityWater depthCoordinates