Kolon Global Obtains Permit for Wando Jangbogo Offshore Wind Power Project

Jeonnam Wando Jangbogo Offshore Wind Power Measurement Device Panorama / Photo by Kolon Global

[Asia Economy Reporter Hwang Seoyul] Kolon Global announced on the 6th that it has obtained a permit from the Ministry of Trade, Industry and Energy for the 400MW (megawatt) scale ‘Wando Jangbogo Offshore Wind Power Project.’

The Wando Jangbogo Offshore Wind Power Project is an offshore wind power project worth approximately 2 trillion KRW with a generation capacity of over 400MW, and it is expected to produce an average of 1.2 million MWh of electricity annually once commercial operation begins. This amount of power can supply electricity for 280,000 households (based on a family of four) annually.

To promote the Wando Jangbogo Offshore Wind Power Project, Kolon Global signed a ‘Green Energy Self-Reliant Island Development Joint Agreement’ with Jeollanam-do Province and Wando County in 2013, and conducted wind resource collection and review, as well as preliminary feasibility studies for the entire Wando region. Furthermore, in 2018, it signed a ‘Wando Offshore Wind Power Project Joint Development Agreement’ with Korea Western Power and Jeonnam Development Corporation, and in 2020, installed an offshore meteorological tower to measure wind resources.

Kolon Global has also built a track record in offshore bridges, a similar field to offshore wind power. In particular, it successfully completed the Jangbogo Bridge in the Wando area, the project site, and is currently carrying out the Hwatae-Baekya Section 2 offshore bridge construction in the Yeosu area. With the acquisition of the power generation project permit this year, Kolon Global plans to commence full-scale design and licensing work.

Kim Jeong-il, CEO of Kolon Global, stated, "Kolon Global possesses capabilities across the entire power generation project process, from project planning, site analysis, wind resource analysis (Micrositing), feasibility analysis, financing, construction, to power plant operation, based on differentiated onshore wind power experience." He added, "Based on this, we will successfully advance our first offshore wind power project."

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