The Taean Wind Power project, a fixed-bottom offshore wind project with a planned capacity of 500 megawatts, is targeting to commence construction in the second half of 2026, with commercial operations anticipated by late 2029. CIP, through its flagship fund Copenhagen Infrastructure V, acquired a 49 percent stake in Taean Wind Power in late 2024 and will develop the project jointly with Vena Energy.
“Reaching this milestone emphasizes our dedication to delivering clean, sustainable energy to our local communities,” said Kwangjin Cheong, representative director at Taean Wind Power. “We extend our gratitude to our stakeholders and partners, including the government, Taean County, our supply-chain collaborators, residents and fisheries for their invaluable support. Together, we are focused on ensuring the success of this project, fostering local engagement and contributing meaningfully to Korea’s energy transition, engineering a greener future for generations.”