South Korea’s 390MW offshore wind project moves into construction

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South Korea's 390MW Shinan-Wi offshore wind project has entered construction after financing closure. The $2.26 billion project will install 26 turbines, generating approximately 950,000 MWh annually.

Korea Midland Power’s Shinan-Wi offshore wind project is entering its construction phase after closing its financing. The 390MW scheme carries a total price tag of about 3.4trn won ($2.26bn) and will install 26 turbines rated at 15MW each. Once online, the project is expected to generate around 950,000MWh of electricity a year, enough to power …