- CIP completed turbine installation at South Korea’s first commercial-scale offshore wind farm, Jeonnam 1, which will power 60,000 homes annually.
- The project is a joint venture between CIP and SK E&S, and agreements have been secured for grid connection and long-term power purchase.
- Jeonnam 1 is set to begin operations in the first half of 2025. It will contribute to South Korea’s renewable energy goals and reduce reliance on fossil fuels.
Copenhagen Infrastructure Partners (CIP) announced on January 6 that it has completed turbine installation at its Jeonnam 1 offshore wind project in South Korea. The project will become the country’s first commercial-scale offshore wind farm and aims to begin commercial operations in the first half of 2025.
The wind farm sits off the coast of Shinan County in Jeonnam Province. Once operational, it will power around 60,000 homes annually. Construction began in early 2023, with turbine installation starting in September 2024. The project produced its first power within a few months.
Jeonnam 1 is a joint venture between South Korea’s SK E&S (51%) and CIP (49%). CIP’s Copenhagen Infrastructure III fund and Copenhagen Offshore Partners (COP), alongside SK E&S, lead the project’s development.
CIP secured a grid-connection agreement with the state-owned utility KEPCO and arranged a 20-year fixed-price offtake agreement with Korea Hydro & Nuclear Power. These agreements will provide the project with long-term stability and revenue.
Once operational, Jeonnam 1 will contribute to South Korea’s renewable energy expansion. It plays a crucial role in the country’s green energy transition and marks a significant advance in offshore wind development.
The project’s completion marks a significant achievement for both CIP and SK E&S. Jeonnam 1 will help meet South Korea’s energy demands and reduce its reliance on fossil fuels.
CIP and SK E&S worked closely throughout the project to ensure a smooth collaboration from development to turbine installation. Completing the turbine installation moves the project one step closer to its goals.
Jeonnam 1 will generate significant local economic benefits. It will create jobs and support South Korea’s growing renewable energy sector. The project will also reduce carbon emissions and contribute to cleaner energy production.
The project will significantly enhance South Korea’s renewable energy infrastructure. The country increasingly prioritises renewable energy to address climate change and transition to a sustainable energy system.
With turbine installation complete, Jeonnam 1 remains on track for commissioning in the first half of 2025, positioning it as a key part of South Korea’s green energy initiatives.
CIP and SK E&S’s partnership showcases the potential collaboration between international and local companies in advancing offshore wind projects. This model may become a standard for future regional offshore wind developments.
In conclusion, the Jeonnam 1 offshore wind project represents a significant success for CIP, SK E&S, and South Korea’s renewable energy sector. With turbine installation complete, the project will soon provide clean, renewable energy to thousands of homes in Jeonnam Province. It marks a critical step in South Korea’s renewable energy efforts and demonstrates the growing role of offshore wind in the global energy transition.