South Korea's Climate Energy Environment Ministry announced on the 16th the groundbreaking ceremony for the Sinan Uido offshore wind farm at the Sinan-gun National Sports Center in Jeollanam-do Gwangju. The 390MW offshore wind power complex will be built in the waters southeast of Uido Island in Sinan with a total investment of approximately 3.4 trillion won, targeting commercial operation in January 2029. This marks the country's first large-scale offshore wind project funded entirely by domestic capital and the first to install 15MW-class turbines, with major Korean corporations including Hanwha Ocean, Korea Midland Power, SK E&S, Hyundai E&C, and LS Cable participating in the development.
Climate Energy Environment Ministry Holds Sinan Uido Wind Farm Groundbreaking Ceremony
The Climate Energy Environment Ministry held the groundbreaking ceremony for the Sinan Uido offshore wind farm on the 16th at the Sinan-gun National Sports Center in Jeollanam-do Gwangju. The Sinan Uido offshore wind farm project will construct a 390MW offshore wind power complex in the waters southeast of Uido Island in Sinan. The total project cost amounts to approximately 3.4 trillion won, with commercial operation targeted for January 2029.
Project Receives 1.3 Trillion Won from National Growth Fund
The Sinan Uido offshore wind farm secured large-scale financing through selection as the National Growth Fund's first investment project. Of the total 3.4 trillion won budget, approximately 40 percent — equivalent to 1.3 trillion won — will be procured through the National Growth Fund (750 billion won from the Advanced Strategic Industry Fund) and the Future Energy Fund (540 billion won).
Domestic Companies Supply Core Equipment and Infrastructure
Hanwha Ocean, Korea Midland Power, SK E&S, Hyundai E&C, and LS Cable are participating in the project's joint development. The Sinan Uido offshore wind farm involves domestic companies in all core equipment sectors excluding turbines, including substructures, submarine cables, and installation vessels. The project also promotes local community participation through resident funds, allowing residents to participate in the business and share in power generation profits.
Minister Kim Pledges Support for 2030 Renewable Energy Goals
Climate Energy Environment Minister Kim Sung-hwan stated that the ministry will actively support the project to proceed on schedule without setbacks, contributing to achieving the 2030 target of 10.5GW in offshore wind preparation and groundbreaking. Kim added that the project will contribute to stable power supply for the Honam region's three mega projects including artificial intelligence data centers and semiconductors.
FAQ
What is the Sinan Uido offshore wind farm project?
The Sinan Uido offshore wind farm is a 390MW offshore wind power complex being built in the waters southeast of Uido Island in Sinan, with a total investment of approximately 3.4 trillion won and commercial operation targeted for January 2029.
Which companies are participating in the Sinan Uido wind farm development?
Hanwha Ocean, Korea Midland Power, SK E&S, Hyundai E&C, and LS Cable are participating in the joint development of the Sinan Uido offshore wind farm, with domestic companies involved in all core equipment sectors excluding turbines.
How is the Sinan Uido offshore wind farm being financed?
The project secured 1.3 trillion won — approximately 40 percent of the total 3.4 trillion won budget — through the National Growth Fund (750 billion won from the Advanced Strategic Industry Fund) and the Future Energy Fund (540 billion won).
