EWP (Korea East-West Power) is considering acquiring a stake in the Anma Offshore Wind Farm, a project facing collapse. The largest shareholder, Equis, has been pushing to sell management rights to recover its investment, but negotiations with Danish offshore wind investor CIP (Copenhagen Infrastructure Partners) have stalled over disagreements on financial terms.
According to investment banking sources on October 26, EWP is examining the possibility of acquiring a stake in Anma Offshore Wind Farm. The company plans to send requests for proposals (RFP) to domestic and foreign accounting firms shortly and will begin the process of selecting advisors. This is to examine various transaction structures, including acquiring existing shares held by current shareholders, participating in new share issuance, or taking over existing shareholder loans.
EWP's interest in acquiring a stake stems from contractual relationships with existing operations. Anma Offshore Wind Farm was selected in the government's competitive auction for wind power facilities in 2024 and signed a Renewable Energy Certificate (REC) trading contract in September 2025. EWP is one of the power generation companies that participated in the contract alongside KOMIPO (Korea Midland Power). As an existing contract party, the company has an interest in monitoring project progress and the feasibility of future contract performance.
