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MKE – Jeolla Offshore Wind Farm Complex 2500 MW – Jeollabuk-do - Project Profile

MKE – Jeolla Offshore Wind Farm Complex 2500 MW – Jeollabuk-do - Project Profile

Synopsis

"MKE – Jeolla Offshore Wind Farm Complex 2500 MW – Jeollabuk-do - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.

The "MKE – Jeolla Offshore Wind Farm Complex 2500 MW – Jeollabuk-do - Project Profile" is part of Timetric's database of 82,000+ construction projects. Our database includes a 10+ year archive of completed projects, full coverage of all global projects with a value greater than $25 million and key contact details for project managers, owners, consultants, contractors and bidders.

Summary

The Ministry of Knowledge Economy (MKE) is undertaking the construction of an offshore wind farm in North Jeolla, South Korea.

The project involves the construction of a 2,500MW offshore wind power complex. It includes the construction of a substation, and the installation of 1,000 wind turbines, generators, transformers, and electric feeder system, and the laying of transmission lines. The project will be implemented in stages.

The first stage of the project comprises of two phases. The first phase will be a pilot 9MW wind farm (3x3MW). Following to the successful installation of the first phase, the work on the second phase will be commenced which comprises of a 90MW (3x30MW) wind farm.

The second and third stages of the project include the construction of 2,400MW offshore wind farm and related facilities.

In May 2011, the government identified Young-Kwang area for the test facility of the project

The government signed a memorandum of understanding (MoU) with state-run Korea Electricity Power Corporation (KEPCO). The KEPCO will form a special purpose vehicle (SPV) for the project implementation.

Det Norske Veritas has been appointed as a lead consultant.

Unison, Hyundai Heavy Industries, Samsung Heavy Industries and Daewoo Shipbuilding & Marine Engineering were appointed to supply wind turbines for the project. However, in the first quarter of 2015, Hyundai Heavy Industries and Samsung Heavy Industries withdrew from the project.

The project will be partly funded by the South Korean government, but a large amount of the investment will come from private firms and investors.

Doosan Heavy Industries and Construction will undertake the construction works on the project.

K2 management was appointed as the engineering consultant for the development.

In June 2016, MKE and Dutch offshore wind consultancy Wind Minds signed a letter of intent on cooperation in developing the project.

Planning activities are underway.

Scope

The project involves the construction of a 2,500MW offshore wind power complex in North Jeolla, South Korea.

The US$9,000 million project includes the following:

1. Construction of a substation

2. Installation of 1,000 turbines

3. Installation of generators and transformers

4. Laying of transmission network

Reasons To Buy

  • Gain insight into the project.
  • Monitor the latest project developments.
  • Identify key project contacts.


1.Key Statistics
2.Key Dates
3.Sector
4.Operating metrics
5.Tender Information
6.Scope
7.Description
8.Latest update
9.Background
10.Key Contacts
11.General News, Project News
12.Appendix

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