Korea Midland Power (KOMIPO) has submitted a permit application for its 'IC2' offshore wind project in Incheon, which overlaps with the ferry route to Baengnyeongdo and other western islands. This ove
With the upcoming Special Act on Offshore Wind, South Korea's offshore wind auction system needs to shift from pure price competition to focus on project completion feasibility and risk distribution.
Two new legislative proposals in Korea are raising significant concerns among offshore wind developers. One bill suggests the government take up to 20% equity in projects, while another, introduced on
As Korea's power grid faces rapid changes due to renewable energy expansion and evolving demand, the government is discussing establishing a new electricity supervisory body. This initiative aims to e
Sinan Uwi offshore wind completes financing group, moving into funding injection phase
The Sinan Uwi offshore wind project has completed formation of its financing group, with funding expected to begin
OW Korea advances 1,125MW “Korean Peninsula Offshore Wind” project in Incheon waters
OW Korea is moving forward with a 1,125MW offshore wind project in waters off Incheon, with
Korea’s offshore wind competitive bidding spotlighted, with ~1.8GW expected in 1H
Industry attention is focusing on the upcoming offshore wind competitive bidding round, with first-half bidding volume expected
Korea has designated 14.4 GW of offshore wind zones. It has 0.35 GW connected to the grid. The gap is not turbines, permits, or capital — it is transmission infrastructure, and the timeline to fix it is longer than the industry wants to admit.
Korea to run 1.8GW offshore wind competitive bid in H1, with a lowered price cap
The Ministry of Climate announced a first-half competitive tender totaling 1.8GW of offshore
Korea sets first-half offshore wind bid at 1.8GW, with a lower price cap
The Ministry of Climate announced a first-half competitive bidding round totaling 1.8GW for offshore wind,
