A consortium led by Korea Hydro & Nuclear Power (KHNP), in which Hanwha Ocean is participating, has been selected as the preferred bidder for the "Southwest Region Offshore Wind Expansion Phase 1" project. However, specific project costs and other details have not yet been determined.

KHNP Consortium Selected as Preferred Bidder

On the 7th, Hanwha Ocean announced through a follow-up regulatory filing (unconfirmed) clarifying rumors or reports that the KHNP-led consortium it is participating in had been selected as the preferred bidder for the project. This filing is a follow-up to the clarification filing Hanwha Ocean submitted following a related report by Asia Today on July 10, reconfirming the selection as the preferred bidder.

It is important to note that Hanwha Ocean was not selected independently; rather, the KHNP-led consortium in which Hanwha Ocean participates was selected as the preferred bidder.

Project Cost and Scale Undetermined

In its filing, Hanwha Ocean stated, "At present, no specific details such as the project amount have been determined." The scope of Hanwha Ocean's role within the overall consortium project and the individual contract size will be finalized during future negotiations.

Hanwha Ocean plans to make a follow-up regulatory filing when specific details are determined or within three months, with the scheduled date for the follow-up filing set for November 6.

Expectations for Business Expansion into Offshore Wind

For Hanwha Ocean, this project is notable as an opportunity to expand its business beyond shipbuilding and offshore engineering into marine energy sectors, including offshore wind. As offshore wind emerges as a major renewable energy source in the global energy market, attention is focused on the participation of companies with design, construction, and offshore project execution capabilities in related businesses.

However, at this stage, it is premature to interpret this beyond the selection as the preferred bidder. Neither the order value nor the revenue scale has been confirmed, and actual project terms and the company's scope of participation will be determined based on future negotiation outcomes.

As the process progresses to the main contract stage, the key point to watch will be the level at which Hanwha Ocean's specific role and contract scale are finalized.

[※ This article is for investment reference purposes only and does not recommend the purchase or sale of any specific stock. Investment decisions and responsibilities lie with the investor. This article was written with AI assistance.]