The agreement is aimed at building a full-cycle cooperation framework between a private financial institution and a power producer across development, construction and operations in the broader renewable energy sector. Offshore wind projects typically require large upfront investment and long timelines, making the combination of financing and development capabilities a key factor, the bank said.
Hana Bank said it plans to pursue what it called a “productive finance” model by taking part in the entire process, including feasibility reviews, deal structuring and arranging financing, drawing on its infrastructure-focused investment banking capabilities. The bank said the effort is intended to help expand renewable energy infrastructure and support carbon neutrality goals.
Among Korea Southern Power’s offshore wind projects, Hana Bank is serving as the financial arranger for the Yawol Offshore Wind Power Complex in Yeonggwang County, South Jeolla Province, and the Dadaepo Offshore Wind Power Complex in Saha District, Busan. The company said the projects are expected to be used as power infrastructure for the Honam and Yeongnam regions, respectively, and to support regional balance and local economic activity.
The two sides said they will gradually detail their cooperation through efforts including financial and development collaboration on offshore wind and other renewable projects; jointly identifying and reviewing new power generation projects; sharing infrastructure finance market trends and preparing response strategies; and supporting stronger financial capabilities among project stakeholders.
“Going forward, we will continue to accelerate productive finance and take the lead in expanding Korea’s eco-friendly and renewable energy infrastructure,” said Lee Byeong-sik, executive vice president of Hana Bank’s IB Group.
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.