Hanbando Offshore Wind, designed and led solely by Ocean Winds, is a bottom-fixed offshore wind development planned to deliver 1,125 MW of capacity. It is situated about 120 kilometres off Incheon’s coast within South Korea’s Exclusive Economic Zone (EEZ). In early 2025, the project obtained its Electricity Business License (EBL), giving it official development rights for the sea area and securing grid-connection capacity.
South Korea has another Gigawatt offshore wind power project in the pipeline the Ørsted’s 1.4GW Incheon Offshore Wind Project that will rival Hanbado if not surpass its capacity making it the largest of its kind in South Korea.
In March 2025, the 1,125 MW Hanbando fixed-bottom offshore wind farm moved one step closer to construction after Ocean Winds obtained an Electricity Business Licence. Located in South Korea, the project is now undertaking the Environmental Impact Assessment and other key permitting processes. In addition, site investigations will be carried out and major engineering studies are underway. The Electricity Regulatory Commission of the Ministry of Trade, Industry and Energy (MOTIE) granted the licence on Friday of that week, giving the offshore wind project exclusive development rights over the offshore area and reserving interconnection capacity.
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More on Ocean Winds and the Hanbando Offshore Wind Farm
The developers, Ocean Winds, are a joint venture between EDP Renewables and ENGIE. They signed a Memorandum of Understanding with Hyundai Steel last year to cooperate on the Hanbando offshore wind energy project. It is located 120 kilometers off the coast of Incheon. Furthermore, the project will strengthen the JV’s contribution to the South Korean government’s renewable energy deployment target. The government outlined their plans to achieve 125.9 GW of renewable energy by 2038. As for Ocean Winds, they have stated their plans to contribute to Incheon Metropolitan City’s goal of developing 6.2 GW of offshore wind capacity by 2030.
Project Overview
Location: 120 kilometers from Incheon, South Korea
Developers: EDP Renewables, ENGIE
Project capacity: 1,125 MW
“In recent weeks we have seen substantial progress on offshore wind energy in South Korea. With the publication of the 11th Basic Energy Plan there has been an increase in the country’s long-term renewable energy goals. The passage of the Special Law on Offshore Wind Energy has also brought this about,” said Guzman Figar, Country Director for Ocean Winds in South Korea. “At OW, we believe that our Hanbando project, which connects directly to the Seoul-Incheon metropolitan area, one of the largest load hubs in the world, will play a key role in helping South Korea achieve these goals.”
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