Korea South-East Power (KOEN) plans to finalize EPC contract with Hyundai E&C consortium and Vestas turbine supply agreement in November, with SPV equity closing to follow. The 600 MW project targets
Seah Steel Holdings took a one-time charge related to its UK offshore wind subsidiary Seah Wind's Norfolk Vanguard monopile project, recognizing future production costs upfront to clear balance sheet
Myungwun Industrial Development's 364.8MW Nakwol offshore wind project in Yeonggwang, South Korea's largest OWF at ₩2.3 trillion, is nearing completion but faces investigation over alleged capital inf
Daihan Cable has deployed the Skandi Connector, a 11,000-ton cable laying vessel (CLV) acquired in May, to the Nagwol offshore wind project in Yeonggwang. The vessel will perform subsea cable burial o
Seah Steelworks Holdings reported a Q2 operating loss of 50.3 billion won, a swing from profitability, as the company pre-recognized costs associated with offshore wind projects. The company's consoli
Ørsted's 1.4 GW Incheon offshore wind project (1,400 MW across two sites near Deokjeok-do) faces mandatory area reduction due to maritime traffic safety guidelines requiring minimum 0.5–2 nautical mil
Taean Offshore Wind, a joint venture between Korea Western Power (KOWEPO), Vuna Energy, and Copenhagen Infrastructure Partners (CIP), conducted a coastal environmental cleanup at Mohang Port in Chungn
South Korea's Prime Minister announced government support to accelerate offshore wind project site development and licensing procedures to strengthen corporate competitiveness. The statement reflects
B.Grimm Power Korea, a subsidiary of Thai energy firm B.Grimm Power, is expanding its equity investment in Unison to deepen strategic cooperation on wind energy projects. The two companies plan to lev
Jeonnam Development Corporation (JDC) signed an MOU with Kwangrim Co., Ltd. to jointly develop a 160 MW offshore wind project in Yeonggwang County while establishing a demonstration base for a 20 MW-c
Hanwha Ocean established four new overseas subsidiaries in H1 2025, including offshore wind turbine installation vessel (WTIV) ownership and operation entities, expanding its business scope from power
Jeonnam Development Corporation and Kwangrim Co., Ltd. signed a memorandum of understanding to jointly develop an offshore wind project in Yeonggwang. The partnership aims to establish a foundation fo
