Taean wind power inks 500 MW energy deals

This development involves two power purchase agreements.

Taean Wind Power has inked energy deals totalling 500 megawatts (MW).

According to Copenhagen Infrastructure Partners (CIP), this development involves the signing of two power purchase agreements.

CIP, through its flagship fund V (CI V) has a 49% stake in the project, as part of a joint venture with Vena Group. 

The 500 MW fixed-bottom offshore wind project will commence construction in the second half of 2026, with commercial operations expected by late 2029. 

Taean Wind Power is projected to energise 300,000 households annually.

“CIP will continue to build on the dedication and expertise that made this achievement possible, in close alignment with Korea’s energy transition goals,” said Thomas Wibe Poulsen, partner and head of APAC at CIP.