A consortium led by Korea Hydro & Nuclear Power (KHNP) has been named the preferred bidder for the Jeonbuk Southwestern Offshore Wind Expansion Complex 1 project, an 800 MW offshore wind development promoted by Jeonbuk State in South Korea.
The project is planned in waters off Buan County and forms the first phase of a wider 2.4 GW offshore wind development being advanced by the Jeonbuk provincial government. The tender also requires public institutions to hold more than 50 percent of the project’s shares.
The KHNP consortium includes nine partners from the power, industrial, finance and offshore sectors. The participating companies are Hanwha Ocean, Doosan Enerbility, Korea East-West Power, KEPCO KPS, KEPCO Engineering & Construction, IBK Financial Group, KB Financial Group, Samil C&S and Jungang Ocean Heavy Industries.
According to KHNP, the consortium was selected based on its public-interest credentials, project delivery capabilities, and proposals for regional cooperation and local economic development.
The consortium is expected to sign an implementation agreement with the Jeonbuk provincial government by the end of August before proceeding with project development.
