Jeonnam 1 Offshore Wind Farm Completes Installation of All Wind Turbines

January 6, 2025 – Seoul, Korea and Copenhagen, Denmark 

 

The Jeonnam 1 Offshore Wind Farm in Korea successfully completed installation of all wind turbines on December 18, 2024, marking a significant milestone for South Korea’s offshore wind sector and the nation’s goals for sustainable energy. Copenhagen Offshore Partners, a global leader in offshore wind development and construction, has co-led project development activities for Jeonnam 1. 

Jeonnam 1 is a pioneering 96 MW offshore wind farm located in Shinan county off the southwest coast of Korea. It represents the first privately-led large-scale offshore wind power project in Korea. Construction on Jeonnam 1 began in early 2023 and turbine installation commenced in September 2024. Commercial operations are expected in the first half of 2025. When fully operational, Jeonnam 1 will provide green electricity to power approximately 60,000 households. 

“Completing the turbine installation before year-end demonstrates the dedication, expertise, and collaborative spirit of everyone involved,” stated Jesper Krarup Holst, COP Partner, Head of APAC, and COO of the Jeonnam 1, 2 and 3 portfolio. “CIP and SK Innovation E&S have provided unwavering support throughout, and we are incredibly proud to deliver this essential step towards full-scale clean power generation. Jeonnam 1 is poised to play a meaningful role in South Korea’s renewable energy future, and we look forward to the next phase as we prepare for commissioning and energisation.” 

Ryan Colbeck, Senior Director at COP and EPC Director for the Jeonnam 1 Project added, “This milestone is a testament to the planning, technical know-how, and strong partnerships that have guided Jeonnam 1 from conception to reality. With the installation now complete, our attention turns to ensuring that the final stages of the project are carried out with the same level of safety, quality, and commitment. We are on track to deliver a world-class offshore wind asset that will benefit both the local community and Korea’s efforts to combat climate change.” 

The Jeonnam 1 Offshore Wind Farm is developed with a local growth mindset. The project team has engaged closely with local communities, businesses, and stakeholders to share development profits, which are revitalizing domestic jobs and supporting the growth of Korea’s national offshore wind industry. The project has established contracts with Korean suppliers and utilizes local ports and facilities. 

Jeonnam 1 is a joint venture spearheaded by Copenhagen Infrastructure Partners (CIP), through CIPs fund Copenhagen Infrastructure III (“CI III”), and SK Innovation E&S, one of the largest conglomerates in South Korea. COP is the exclusive offshore wind development partner to CIP. CIP and SK Innovation E&S, as Project Sponsors, continue to demonstrate confidence in the rapid growth potential of Asia’s offshore wind sector and the exceptional capabilities of COP’s project management teams. 

 

About Copenhagen Offshore Partners (COP)  

Copenhagen Offshore Partners (COP) is a world leader in offshore wind project origination, development, and construction. COP is accelerating the energy transition through development of a 50+ GW project portfolio. An industry pioneer, the group is leading project development in new markets, including four projects recently completed or currently under construction – Changfang and Xidao and Zhong Neng in Taiwan, Vineyard Wind 1 in the United States and Jeonnam 1 in Korea. COP also specializes in system integration capabilities, including power-to-x. COP’s expert team are advancing projects across 18 offices in Europe, Asia Pacific, and the Americas. COP is a proudly independent company owned by its management. Learn more at www.cop.dk 

 

About Copenhagen Infrastructure Partners    

Founded in 2012, Copenhagen Infrastructure Partners P/S (CIP) today is the world’s largest dedicated fund manager within greenfield renewable energy investments and a global leader in offshore wind. The funds managed by CIP focus on investments in offshore and onshore wind, solar PV, biomass and energy-from-waste, transmission and distribution, reserve capacity, storage, advanced bioenergy, and Power-to-X.    

CIP manages 12 funds and has to date raised approximately EUR 28 billion for investments in energy and associated infrastructure from more than 160 international institutional investors. CIP has approximately 500 employees and 12 offices around the world.   

For more information, visit www.cip.com