Yeonggwang Yawol Offshore Wind Farm
Located in Yellow Sea off Yeonggwang/Yawol, Jeonnam. Daehan Green Power (Korean IPP).
Status
Advanced Developmentlifecycle stage
ExpectedHafrok completion outlook
Ownership
DGDaehan Green Power — 100% ◆
Location
South KoreaYellow Sea
Technology
Capacity
104 MW ◆
Turbines
13 × 8 MW ◆
Model
Doosan Enerbility 8 ◆
Foundation
—
Site & conditions
Site rights
Application filed ◆
Water depth
2–11 m ≈
Wind speed
6.9 m/s @ 100 m ≈
Revenue & grid
Offtake
Certificate ◇
Grid
—
Schedule
FID
Not taken
COD · announced
Mar 2029 ◆
COD · Hafrok
2030 expected
Delivery outlook modelled by Hafrok · calibrated on delivered projects
2030
expected year of commercial operation
The developer says 2029-03; Hafrok expects 2030 — 1 year later.
Chance of delivery
≈79%
estimated chance this project reaches commercial operation
Advanced Development projects complete ≈75% of the time on Hafrok's record. A secured offtake contract lifts this one above that; a market with a thinner delivery record and technical complexity pull the other way.
COD outlook
If it completes, when — Hafrok’s probability by year (teal)
| Year | Probability |
|---|---|
| 2029 | 14.2% |
| 2030 (expected) | 30.5% |
| 2031 | 24.0% |
| 2032 | 14.4% |
| 2033 | 8.0% |
| 2034 | 4.4% |
| 2035 | 2.4% |
| 2036 | 1.3% |
| 2037 | 0.8% |
How Hafrok got this date
1
Starting point: the last dated milestone
Consent granted in
2026. From there Hafrok adds how long similar projects (in developing offshore-wind markets) took to reach commercial operation, measured on projects that have delivered.2
Typical timing
Starting point plus the typical remaining time gives a middle estimate of
2030 Q1; the faster quarter of similar projects would be done by 2029 Q3, the slower quarter not until 2031 Q1.3
Result
Expected commercial operation
2030, likely range 2030–2031 (the middle half of outcomes for similar projects). The developer's announced date (2029) is earlier than similar projects have managed — Hafrok's own date is used and the difference is flagged above.4
Year-by-year chart
The bars spread that estimate across years using how similar projects actually slipped against their dates — more often late than early, which is why the bars lean right.
5
Chance of delivery — separate from timing
Start from the share of Advanced Development projects that went on to complete — ≈75%, measured on Hafrok's record of delivered and abandoned projects, with an allowance held back where that record cannot yet speak (projects still unresolved, changed market conditions). Consented projects have historically completed at very high rates, but the 2023–25 downturn showed consented-but-unfinanced projects can still fail — the estimate holds back for the offtake and financing gates still ahead. Then adjust for this project's own evidence — offtake, market, size, technical complexity — to ≈79%, which rates it
Expected on Hafrok's four-step delivery scale (Delivering · Expected · Prospective · Fragile).Project timeline verified milestones only — each date carries its provenance mark
Dashed tick marks today (13 Oct 2026). The ▲ below the spine is the developer-announced COD.
Revenue & offtake contract duration and price levels · money of the day
104 MW contracted — utility PPA
● Utility PPA · South Korea 2024 Wind Fixed-Price Auction — fixed-bottom + floating offshore
Priceprice undisclosed ·Capacity104 MWAwardedDec 2024Term20 yrs
Installation how the build is going · from sourced statements and Hafrok’s registers
Installation not started
Installation · on record
StageAdvanced Development
Offshore constructionnot started
Expected start of operation2029-03
Sources & verification
Rests on 15 sources · ◆ 6 documents held
◆Verified≈Modelled◇Sourced∴Inferred⌁Convention○Unverified∅No source·Derived
Numbers are stable citation ids — grouped by source class, so they are not consecutive.
Auction results1
[15]
Shin and Kim2026-06-22◆ kr-rps-wind-2024-kr-rps-terms
Korea RPS fixed-price offshore: completion-period bands 60/72/78 months; REC-price cut / cancellation on miss
supportsUtility PPA · South Korea 2024 Wind Fixed-Price Auction — fixed-bottom + floating offshore
Trade press13
[2]
Global Energy Monitor2024
“Pre-construction 104 MW ... Daehan Green Power Corp [100%] (대한그린에너지)”
supportsoperator
[3]
Offshore Wind Biz2024
Press report — cited, not quoted; read it at the source link.
supportsTotal capacity
[4]
[5]
[6]
The Asia Business Daily2026
Press report — cited, not quoted; read it at the source link.
supportsCommercial operationTurbinesModelUnit capacityTotal capacity
[7]
Doosan Enerbility2025-12-31
“KRW 575 billion ... thirteen units of Doosan Enerbility's 8MW offshore wind turbine (DS205-8MW) ... performing the EPC services required for the overall wind farm construction ... The Yeonggwang Yawol…”
supportsCommercial operationTurbinesModelUnit capacityTotal capacity
[8]
[9]
Energy Times (에너지타임즈)2020-10-06
“발전사업허가를 취득해 추진 중인 발전설비용량 3MW 이상 해상풍력발전사업은 22개인 것으로 집계됐다 ... 대한그린에너지 영광야월해상풍력발전사업(49.8MW)”
supportsConsentSite rights
[10]
[11]
offshoreWIND.biz2024-12-19◆ South Korea Awards Nearly 1.9 GW of Offs…
Press report — cited, not quoted; read it at the source link.
supportsMechanismDetail
[12]
Newspim2026-09-17◆ 국민성장펀드, 해상풍력 등 1조 규모 5개 사업 승인...누적 지원 18…
Copyrighted source — cited, not quoted; read it at the source link.
supportsStatus note
[13]
Segye Ilbo2026-09-18◆ 야월해상풍력 등에 1조… 국민성장펀드 자금 지원 [경제 레이더] | 세계…
Copyrighted source — cited, not quoted; read it at the source link.
supportsStatus note
[14]
Energy Daily (에너지데일리)2026-07-06◆ 남부발전, 2.2GW 해상풍력 개발 본격화… "에너지 대전환 성장축 세운…
Press report — cited, not quoted; read it at the source link.
supportsStatus note
Unverified import1
[1]
unknown◆ South Korea Awards Nearly 1.9 GW of Offs…
Press report — cited, not quoted; read it at the source link.
supportsTotal capacityWater depthCoordinates