Korea Hydro & Nuclear Power (KHNP), a KEPCO subsidiary focusing on nuclear and hydropower, is widening its wind portfolio.
The public utility signed an MOU with Hanwha Engineering & Construction and GK Wind to develop a 42MW wind farm in Yeongcheon, North Gyeongsang Province, Korea. KHNP will manage the project and REC transactions, while Hanwha covers procurement and construction. GK Wind takes care of licensing and secures the project site.
Besides its day job of nuclear and hydropower, KHNP has a relatively small renewable portfolio in PV (28.28MW), wind (0.75MW), and fuel cell (109.6MW). In 2020, the company needs to meet 7.0% of RPS (Renewable Portfolio Standard), which, in Korea, mandates utilities over 500MW to supply a certain amount of electricity by renewable energy.