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.
Jeju Governor Eyes Withdrawal of 130B Won Profit-Sharing Condition for Chuja Offshore Wind
Korea Genco Merger Essential for Renewable Energy Transition
Ørsted Pauses Incheon Offshore Wind Project Over Profitability Concerns
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.
Project Data Hub
Engine ARA
Independent. Comparable. Neighbouring wake included.
One calculation chain takes each project from wind and site to an optimised turbine layout, energy yield net of wake and generation cost, under the same rules for every project.
Engine ARA reports are not investment advice.
Engine ARA · Now on sale
Each report takes a project from wind and site to an optimised turbine layout, net energy after wake, the grid connection route, capital cost and levelised cost of energy (LCOE), with sensitivities to wind, wake and cost. Group reports analyse neighbouring projects together, including the wake between them.
Browse the reports
