Kolon Global completed the Hasami wind farm in Taebaek, Gangwon Province.
Kolon Global said on the 16th that it held a "Hasami wind power completion ceremony" at the O2 Resort Convention Center in Taebaek on the 15th.
About 60 people attended the event, including officials from Kolon Global, the Ministry of Climate, Energy and Environment, the Korea Energy Agency (KEA), Gangwon Special Self-Governing Province and Taebaek, and local residents.
The Hasami wind farm, built across Hasami-dong in Taebaek, Gangwon Province, is a project with a total investment of 59.6 billion won. After groundbreaking in Apr. 2024, construction took about 25 months to complete. The Hasami wind farm is equipped with four 4.4-megawatt (MW) UNISON turbines, for a total installed capacity of 17.6 MW.
Kolon Global began electricity transactions through a private virtual power purchase agreement (Virtual-Power Purchase Agreement, V.PPA) at the Hasami wind farm on the 1st. Starting with this transaction, Kolon Global plans to expand private PPAs in ongoing projects such as the Yangsan Eden Valley wind farm and Yangyang Wind Power Phase 3.
A Kolon Global official said, "Recently, through the Hasami wind farm, we began the first private V.PPA transaction in the domestic wind power sector, accelerating the expansion of the renewable energy value chain," and "we plan to diversify our revenue structure and maximize corporations value by leveraging our leading position in onshore wind power."
Kolon Global is establishing a leading position as a renewable energy operator by directly participating not only in wind farm construction but also in power generation operations.
It is operating or pursuing 29 wind farms nationwide with a total capacity of 1,000 MW, including Gyeongju Wind Farms 1 and 2 (37.5 MW) and Taebaek Gadeoksan Wind Farm Phase 1 (43.2 MW) and Phase 2 (21 MW).
Kolon Global plans to lead wind farm projects as a stable and sustainable business, targeting 50 billion won in dividends by 2030.