Vena Energy and Copenhagen Infrastructure Partners’ (CIP) joint wind project has been awarded an offtake contract in the Wind Power Fixed-Price Contract Auction which was arranged by the Korea Energy Agency (KEA). This project is known as the Taean Wind Project and has a planned capacity of 500 MW.
Furthermore, this is a fixed-bottom offshore wind project and is expected to begin construction in the second half of 2026. The commercial operations for the project are expected to commence by late 2029. CIP acquired a 49 per cent stake in the project through its flagship fund Copenhagen Infrastructure V in late 2024.
Both Vena Energy and CIP are expanding in Asia. Earlier this month, Vena Energy inked a VPPA with LINE Yahoo Corporation centered on the Maniwa Solar Project in Japan. This is a 72 MW solar project and will be built on a repurposed golf course in Maniwa City, Okayama Prefecture. It is expected to be operational by 2026. In March 2024, CIP along with Petrovietnam inked a MOU to cooperate in the renewable energy sector of Vietnam.
