Taean Wind Power Secures Fixed-Price Offtake Contract to Develop 500 MW Offshore Wind Project in Korea

Copenhagen Infrastructure Partners (CIP) and Vena Energy have announced that their joint offshore wind project, Taean Wind Power, has been awarded an offtake contract in the 2024 Wind Power Fixed-Price Contract Auction arranged by the Korea Energy Agency (KEA).

The Taean Wind Power project, a fixed-bottom offshore wind farm with a planned capacity of 500 MW, aims to begin construction in the latter half of 2026, with commercial operations expected by the end of 2029. In late 2024, CIP, through its flagship fund Copenhagen Infrastructure V, acquired a 49% stake in the project and will collaborate with Vena Energy to develop it. Taean Wind Power brings together leading experts in offshore wind development, supply, construction, and operations, working in collaboration with key stakeholders. Among them is LS Cable & System, a globally recognized Korean leader in cable technology, serving as the preferred cable supplier. 

This collective expertise establishes a robust foundation to generate enough clean energy to power approximately 300,000 Korean households annually.