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Hyundai Heavy Industries - HHI East Sea

Announced✓ Source-checked

HD Hyundai Heavy Industries (HHI) and consortium (Ulsan, KNOC, SK Gas, Korea East-West Power, UNIST)

Project Overview

Country: South Korea
Region: Ulsan
Capacity: 1,200 MW
Technology: Other
Investment: —
Subsidy Status: —

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Development Timeline

Announced2025

FID—

Construction—

Operational2030planned date

Readiness Score

0/ 100

Early Stage

Weighted checklist of public info. Not a prediction of success.

Development

✗Final Investment Decision+15

✗EPC Contract signed+10

✗Permits obtained+8

✗Grid connection secured+7

Commercial

✗Binding offtake agreement+15

✗MOU / offtake letter of intent+5

✗Confirmed price / tariff+5

✗Applied to government program+5

Financing

✗Project finance / debt secured+10

–Subsidy (not recorded)+0

Track Record

✗Developer has completed H2 project+5

✗Developer has completed RE project+3

✗Developer has energy experience+2

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