Original Korean article: News1
Jeonbuk Province, Gochang County, and financial institutions have activated a financing support system for the construction of the Dongchon offshore wind power plant, a 76MW-class offshore wind farm. Woori Finance has selected the project as the first case for its Regional Infrastructure Fund, marking the beginning of full-scale private sector investment.
The Dongchon offshore wind power project represents a significant step forward in developing renewable energy infrastructure in the region. With a capacity of 76 megawatts, the facility is expected to contribute substantially to the province's clean energy goals and economic development.
The collaboration between local government authorities and financial institutions demonstrates a coordinated approach to securing the necessary capital for the project's implementation. The involvement of Woori Finance as a lead investor signals confidence in the project's viability and potential returns.
This financing framework is expected to facilitate the smooth progression of the offshore wind farm's construction phase, while also encouraging additional private investment in the renewable energy sector within Jeonbuk Province.
KWI project profile — Gochang Offshore Wind
Compiled from the KWI database. Not part of the source article.
| Capacity | 76.2 MW |
| Location | Gochang, Jeonbuk |
| Developer | Dongchon OSW |
| Status | Bid Awarded in 2023 |
| Licence | Electricity Business Licence 2020 |
Project data: KWI database — Electricity Business Licence records, and Electricity Regulatory Commission minutes.
