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Hanwha Ocean-Backed Consortium Emerges as Preferred Bidder for Offshore Wind Project; Details to Be Finalized

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Hanwha Ocean (KRX:042660) confirmed a media report saying the consortium it is part of has emerged as the preferred bidder for the Southwest Offshore Wind Expansion Complex 1 in South Korea.

The company said the Korea Hydro & Nuclear Power-led consortium has been chosen as the project's preferred bidder but clarified that no details, including value, have been finalized, according to a Friday disclosure with the Korean bourse.

Hanwha Ocean said it will make further disclosures once specific details are decided or within one month.

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