Hana Bank to Lead Financing for Wando Geumil Offshore Wind Farm

Hana Bank is set to provide financial support for the Wando Geumil Offshore Wind Farm project. The bank plans to actively participate throughout the entire process, including direct investments during the development phase in addition to financial investments.

On June 17, Hana Bank announced that it has signed a financing agreement for the Wando Geumil Offshore Wind Farm, which is the largest eco-friendly infrastructure project in South Korea.

This agreement is part of a memorandum of understanding signed in February with Korea Southern Power for the Wando Geumil Offshore Wind Project. The project aims to establish a 600-megawatt offshore wind farm in Geumil-eup, Wando-gun, Jeollanam-do.

The project company, Wando Geumil Offshore Wind, and Hana Bank plan to collaborate throughout the entire process, from the pre-project financing phase to development, construction, and operation.

Additionally, Hana Bank will pursue direct investments using the Hana All Growth Infrastructure Fund, established through Hana Alternative Investment Asset Management in March. This initiative aims to support the project during the challenging funding phase of development, ensuring its stable progress.

A representative from Hana Bank stated, "We will continue to actively serve as a financial platform connecting public institutions, private companies, and institutional investors, leading the expansion of domestic eco-friendly and renewable energy infrastructure."