KHNP Consortium Wins Priority Negotiation Rights for 800MW Offshore Wind Project in South Korea
2026-06-29 14:04
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en.Wedoany.com Reported - Korea Hydro & Nuclear Power (KHNP) has been selected by the Jeonbuk Special Self-Governing Province as the priority negotiation partner for the "Jeonbuk Southwest Offshore Wind Diffusion Complex 1 (Buan 800MW) Public Project Implementer Tender."

Located in the waters off Buan County, Jeonbuk, this project is part of a 2.4GW wind farm complex and plans to build an 800MW offshore wind power farm. The tender requires public institutions to hold at least a 50% stake.

Site of the 800MW Southwest Offshore Wind Power Tender Project (Provided by Jeonbuk Province)

KHNP formed a consortium with 10 companies, including Korea East-West Power, KEPCO KPS, Korea Electric Power Technology, Hanwha Ocean, Doosan Energy, IBK Financial Group, KB Financial Group, Samil C&S, and Joongang Ocean Heavy Industries, to participate in the bidding. The consortium was selected as the priority negotiation partner based on its comprehensive strengths in public interest, project execution capability, and regional win-win strategies.

As planned, the KHNP consortium will sign an implementation agreement with Jeonbuk Province by the end of August, after which it will proceed with the project.

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