KOWEPO (Korea Western Power), lead company of a seven-member public-sector consortium, has decided to pull out of the roughly 6 trillion won Expansion Zone 2 (EZ2) offshore wind project in Buan, North Jeolla, without prior consultation with the six other members.
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Net capacity factors (P50) at 78 Korean offshore wind projects range from 26.4% to 39.8%. Wake, the largest loss (median 11.3%), varies from project to project with almost no link to sea area, so projects with similar gross capacity factor can differ by up to 8.0 points on net.
Lee Hyun-seung of Copenhagen Offshore Partners (COP) Korea and Kim Jin-chul of Jeonnam Offshore Wind highlighted offshore wind as a supply chain alternative amid geopolitical energy uncertainty, citing 13.8 trillion won in manufacturing output per 1 GW and 624 GW domestic technical potential.
Unison has developed the U210, a 10MW gearless offshore wind turbine designed for Korean marine conditions including typhoons and extreme winds up to 70 m/s, with a 30-year design life.
DL Group, led by Chairman Lee Hae-wook, is expanding its energy infrastructure business by integrating project development, investment, EPC construction, and operations across power generation assets.
At Seoul's 2026 Clean Energy Infrastructure Forum, the co-chair of the Offshore Wind Power Committee emphasized that offshore wind is essential to supply large-scale clean power for mega projects and for semiconductor and AI data center expansion.
Korea East-West Power (EWP) is scaling its community co-prosperity model across renewable energy projects, including the Handong Pyeongdae offshore wind farm (110 MW)—Korea's first publicly led offshore wind project with majority public ownership and revenue sharing.
Myungwoon and HJ Heavy Industries are establishing a major offshore wind production facility at Gunsan Shipyard in North Jeolla Province.
Hub-height mean wind speeds at 78 Korean offshore wind projects range from 6.81 to 8.69 m/s. Sea areas account for 53% of the variation between sites, provinces for 24%. Of the three sea areas compared, the south-western waters have the highest median (8.32 m/s), the West Sea the lowest (7.55 m/s).
South Korea's government has decided to consolidate five state-owned power generators (Korea East-West Power, Korea Midwestern Power, Korea Western Power, Korea Southern Power, and Korea Southeastern Power) into a single entity called 'Korea Generation' after 25 years of operating separately.
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South Korea targets October 2027 launch of unified GencoGet the latest Korea offshore wind news delivered to your inbox.
Korea's five state-owned generators become one in October 2027. They hold 14.0 GW of offshore wind, a third of the national pipeline. What the merger case rests on, and what it leaves unanswered.
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