DL Energy wins bid for 'Yeosu Geumo-do Offshore Wind Power'

*This content was translated by AI.

The 'Yeosu Geumo-do Offshore Wind Power Development Project,' jointly pursued by DL Energy and Korea Midland Power near the offshore area of Geumo-do in Yeosu, South Jeolla Province, has officially entered its implementation phase.

This marks a foundational step toward full-scale project execution after being selected as the final winning bidder for the 'public-led' category in the '2026 First Half Wind Power Fixed-Price Contract Competitive Bidding' conducted by Korea Energy Agency.

The bidding process, which saw a record-high competition ratio of 2-to-1 since the introduction of the offshore wind competitive bidding system, proceeded amid intense interest.

Notably, in the 'public-led' category, which was separately established by the government to enhance the stability of projects led by public institutional investors, only two projects applied and engaged in fierce competition; ultimately, the 'Yeosu Geumo-do Offshore Wind Power Development Project (160MW)' was selected.

Industry observers attribute the win primarily to the project's compliance with the key evaluation criterion of 'industrial and economic effects,' driven by its application of domestic wind turbines and a stable business structure.

A DL Energy representative, speaking in a phone interview with this newspaper, stated: "Winning the bid for the Yeosu Geumo-do offshore wind project is another recognition of our company's superior business capabilities and potential. With a solid financial structure to support these strengths, we are now able to advance this project more stably and swiftly."

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*This content was translated by AI.