Energy & Petrochemicals #offshore wind#south korea
South Korea's 390MW Shinan-Wi Offshore Wind Project Enters Construction Phase
Korea Midland Power's 390MW Shinan-Wi offshore wind project has moved into construction after closing financing. The $2.26bn project will install 26 15MW turbines, generate 950,000MWh annually, and source substation equipment from domestic companies. Financing includes project debt from KDB and KB Kookmin Bank, plus policy loans from the National Growth Fund and Future Energy Fund.
Jul 13, 2026 1 source