Korea’s Taean Wind Power has signed two landmark power-purchase agreements for the 500-megawatt fixed-bottom Taean offshore wind project, one of South Korea’s most significant offshore wind developments. This takes care of the long-term power offtake for the project.
Copenhagen Infrastructure Partners, through its flagship Fund V, owns a 49 percent stake in the project as part of a joint venture with Vena Group, which retains majority ownership of Taean Wind Power.
In February, Copenhagen Offshore Partners, CIP’s exclusive offshore wind development partner, announced the successful award of an offtake contract for Taean Wind Power in the 2024 Wind Power Fixed-Price Contract Auction, arranged by the Korea Energy Agency.
Construction of the project is slated to begin in the second half of 2026, with commercial operations anticipated by late 2029.
“This milestone marks a significant step forward for Korea’s offshore wind industry and highlights the
