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The Chuja Offshore Wind Power Project in Jeju, anticipated to be the largest globally, has stalled after no bidders submitted applications for the second-stage evaluation. Norway's Equinor was expected to join, but only Korea Midland Power applied and then failed to submit a proposal before the March selection.

The project aims to build a 2.37 GW offshore complex with a planned investment of 24 trillion Korean won and operations starting in 2035. Withdrawal reasons include the exclusive power link requirement to Jeju, a significant annual profit-sharing fee, and jurisdictional disputes with South Jeolla. Jeju Province and Jeju Energy Corporation will analyze the public offering results to decide on future strategies.