Doosan's Offshore Wind Growth Slows; Value Chain Results Urgent
The article discusses Doosan Energy's slower-than-expected progress in offshore wind development and the growing pressure on leadership to deliver tangible results in the value chain. It highlights the company's challenges in advancing its offshore wind portfolio amid competitive market pressures.
EWP (Korea East-West Power) is advancing two renewable energy projects: the 110MW Handong Pyeongdae offshore wind farm in Jeju, which obtained its electricity business license in 2026 and, according to investor materials, targets commercial operation in October 2029, and a 60MWh energy storage…
KOSPO (Korea Southern Power) met with Busan Mayor Jeon Jae-soo on October 14 to request the city's active cooperation for the Dadaepo offshore wind project.
The Chuja offshore wind project is expected to shrink by about 25%, from 2.37GW to 1.79GW, ahead of a fresh tender after the original developer withdrew. A baseline survey by Jeju Energy Corporation reduced the developable area after maritime traffic routes and marine ecosystems were excluded.
Huusteel, a large-diameter steel pipe manufacturer, has completed delivery of approximately 3,000 tonnes of offshore wind-grade large-diameter pipes to an overseas offshore wind project in October 2026.
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.
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.