South Korea's government will shift from developer-led to government-led offshore wind site selection, with the state pre-screening locations for wind resource, environmental impact, fisheries, and military considerations before competitive auction.
The Korean Wind Energy Industry Association will host a specialized EPC forum on September 17 in Busan, bringing together developers, manufacturers, contractors, and government officials to discuss full-cycle risk management in offshore wind projects.
The Korea Wind Energy Industry Association welcomed the launch of the first Offshore Wind Power Generation Committee under the Special Act on Promotion of Offshore Wind Development, emphasizing its role as a control tower to resolve permitting and grid connection challenges.
Global offshore wind developer Ørsted has signed an MOU with LX International to develop a dedicated installation and support port facility at Dangjin Port for its 1.47 GW Incheon offshore wind project, despite Incheon New Port being larger (314,400 m²), officially designated in the government's…
South Korea's Geumo-do offshore wind project (160MW, ~₩1.2 trillion) in Yeosu, Jeollanam-do is entering the financial arranger selection phase following its selection in the Korea Energy Agency's H1 2026 fixed-price contract competitive auction.
South Korea's government is considering consolidating five power generation subsidiaries under KEPCO, but experts warn the merger could undermine renewable energy expansion, regional development, and power market reform.
South Korea's first renewable energy basic plan targets 100GW capacity by 2030, with 55GW from offshore wind over the next decade through annual 4GW+ auctions.
Taean County Council held a briefing on the Taean offshore wind project and marine sand extraction, focusing on overlapping spatial use in zones 162-163 and community acceptance concerns.
Gyeongsangnam-do's Goseong County rejected SK ecoplant's sale of its 35.62% stake in SK Ocean Plant to D-Ocean Consortium, citing breach of promised 1 trillion won investment and 3,600 job commitments.
South Korea's government announced a shift from developer-led to state-led planned-site system for renewable energy development, targeting 100GW capacity by 2030.
SK ecoplant has agreed to sell its 35.62% stake in SK Ocean Plant to D-Ocean consortium for 410 billion won, with ownership transfer expected in December 2026.
Unison, a wind turbine specialist, converted 37.6 billion won in convertible bonds held by largest shareholder Myungwoon into common stock, improving its capital structure and reducing debt ratio below 100% for the first time since 2012.
