Offshore wind project on track for July 2026 completion

Nakwol Offshore Wind Participant Council.

South Korean energy companies plan to complete their commitment to an offshore wind farm construction project in South Jeolla Province, with a cost of 2.3 trillion won ($1.65 billion).

The project, Yeonggwang Nakwol Offshore Wind Farm Construction, began early in 2024 and is scheduled to end in July 2026.

A council consisting of more than 100 energy companies that are participating in the project said in a statement, “The project is of great importance as it contributes to the growth of the Korean offshore wind supply chain and generates large-scale investment and employment. Companies on the roster include Taihan Cable & Solution Co. and GS ENTEC Corp.

The initiative involves building a 364.8-megawatt (MW) offshore wind farm in the shared waters of Anma Island and Songi Island in Nakwol, South Jeolla Province. Infrastructure work for grid-connected facilities such as switchgear and substations is well underway, alongside the construction of harbor structures for a temporary pier installation.