Korea moves to overhaul nationally led offshore wind “planned sites” as conditional cluster designations advance
Korea is moving to completely overhaul its nationally led “planned sites” approach for offshore wind, with the government setting the direction to improve efficiency and systematize development. In parallel, the government has conditionally designated multiple offshore wind development clusters, aiming to strengthen development certainty while continuing consultations to balance offshore wind expansion and national security considerations.
KOIPO-backed Boryeong offshore wind project designated as development project, with local testing plans highlighted
Korea Midland Power (KOIPO) said the Boryeong Offshore Wind Power Project—jointly promoted with Boryeong City—has been designated as an offshore wind power development project. The designation is expected to accelerate permitting and project development in the Boryeong area, alongside reporting that offshore wind testing will be conducted as the complex gains momentum.
Hyundai Construction and Hyundai Steel launch work on an independent floating offshore wind model
Hyundai Construction and Hyundai Steel have initiated development of an independent model for floating offshore wind, positioning the collaboration as an effort aimed at innovation in offshore wind technology.
Yuju advances offshore wind testing with “Taisel,” highlighting underwater data infrastructure needs
Yuju is conducting offshore wind testing with “Taisel,” alongside efforts framed around building infrastructure that supports offshore wind development. The article underscores the importance of underwater data infrastructure as part of enabling offshore wind-related capabilities.
COWI: Korea’s offshore wind outlook strengthens, but scaling hinges on reducing early-stage risk and improving bankability
COWI argues South Korea is on track to become a major offshore wind market supported by strong government backing, while noting that further large-scale deployment will depend on reducing early-stage development risks and improving project bankability.
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,
South Korea's government has introduced a bill mandating offshore wind farm operators to share project profits with the public, aiming to alleviate energy costs for citizens.
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