Wind Energy – South Korea
Copenhagen Offshore Partners announced the successful award of an offtake contract for Taean Wind Power in the 2024 Wind Power Fixed-Price Contract Auction, arranged by the Korea Energy Agency (KEA).
The Taean Wind Power project, a fixed-bottom offshore wind project with a planned capacity of 500 MW, is targeting construction commencement in the second half of 2026, with commercial operations anticipated by late 2029.
To support the completion of the development phase and the transition to construction and operations, Taean Wind Power has entered into service agreements with Copenhagen Offshore Partners (COP) and Vena Energy’s development, engineering, construction, operation and asset management functions harnessing their combined expertise to ensure the successful delivery of this landmark project.
COP Korea CEO, Jonathan Spink stated: “The Taean Wind Power project represents a significant step in our commitment to advancing renewable energy in Korea. By partnering with industry leaders, we are excited to create sustainable energy solutions that will benefit local communities and support the country’s energy independence.”
“By securing a contract for the Taean Wind Power project, we are increasing our footprint in Korea and carrying forward our commitment to support the government’s ambitious renewable energy goals,” said Jesper Krarup Holst, Partner and Head of APAC at COP.
