, South Korea

Total Eren, partners begin construction of 16.7MW wind farm in South Korea

The project will start operations in Q1 2024.

Paris-based independent power producer Total Eren and its partners WEEN E&S and Korea Midland Power (KOPIMO) have started the construction of the 16.7-megawatt (MW) Parang Project in the county of Yeong-deok on the East Coast of South Korea.

The project reached a financial close in July after the partners bagged $44.5m long-term financing from a local private equity fund that specialises in lending and investing in onshore wind projects in the country, Total Eren said in a statement.

Parang Project is expected to start commercial operation in the first quarter of 2024.

Korean developer WEENS own a 5% stake in the project, whilst KOPIMO, a fully-owned subsidiary of the state-owned utility firm Korea Electric Power Corporation holds a 25% share.

READ MORE: Uzbekistan’s 131MWp solar farm goes online

Total Eren said the Parang Project consists of three turbines with a capacity of 5.56MW each. It is expected to produce 43 gigawatt-hours of power annually, enough to supply electricity to about 35,000 people.

The electricity to be produced from the project will be supplied to the Korean electricity market, whilst renewable energy certificates will be delivered to KOPIMO through a 20-year agreement which will limit market risk.

Korean construction company Kolon Global signed the engineering, procurement and construction for the project, whilst Enercon will provide the wind turbine generators.

Follow the link for more news on

Join Asian Power community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

What happens to CLP Power as Hong Kong transitions to carbon neutrality
Since 2020, it has increased its gas-fired power generation proportion to around 50% to make up for the coal-fired generation to be phased out.
Could phase-outs harm Asia’s nuclear energy growth?
The region is expected to bring 30GW in electricity per year with 32 reactors under construction.