KWI Weekly: the regulatory record, 21-27 September

Daewoo E&C has secured simultaneous Approval in Principle (AiP) from DNV and BV for a 22MW floating offshore wind substructure, validating the design's technical feasibility and structural stability. The design, developed with a research consortium and targeting 150m water depth in the East Sea, aims to reduce levelized cost of electricit

GS Entech, a GS Group subsidiary specializing in offshore wind substructures, is expanding into the floating offshore wind market through a memorandum of understanding with Munmubaram (Hexicon AB's Korean entity) to supply mooring pile structures for an Ulsan-based 750 MW floating offshore wind project. The partnership was announced during

Korea Electric Power Corporation Engineering (KEPCO Engineering) and Truston Asset Management have signed a memorandum of understanding to jointly develop renewable energy projects combining engineering and financing expertise. The partnership covers wind and solar project identification, power purchase agreement (PPA)-based power supply,

Sinan-Ui offshore wind, the flagship first investment of Korea's National Growth Fund, will use Vestas turbines for 27.6% of the ₩3.4 trillion project cost, despite the Danish manufacturer's withdrawal from domestic factory investment. The Industrial Bank of Korea approved ₩750 billion in policy financing while emphasizing 100% localizati

Boryeong city, which closed its coal-fired power plants in 2020, is proposing a major energy transition centered on 1.3 GW of offshore wind development, hydrogen production, and carbon capture utilization (CCU) to replace lost jobs and tax revenue by 2030. The city is also requesting the relocation of the integrated headquarters of Korea'

Korea's second-half 2026 offshore wind auction is the final round that will carry REC multipliers. The multiplier was never a flat subsidy. It rises with grid distance and water depth, and the candidate field is disproportionately made up of the projects that depend on it most.