Original Korean article: 이투뉴스
Korean power generation companies should become operational leaders in the offshore wind industry rather than serving as passive holding company investors, according to industry experts. This shift in approach requires securing sufficient capital and establishing hybrid co-development models with private sector partners.
As the offshore wind market transitions from the development and bidding phase to actual power generation and supply operations, there is growing consensus that integrated power corporations must accumulate long-term development and operational capabilities. This transformation reflects the maturing stage of the domestic offshore wind sector, which now requires active management and operational expertise beyond initial project development.
The proposed model emphasizes the importance of power generation companies taking on core operational roles while maintaining partnerships with private developers. By combining adequate financial resources with collaborative frameworks, these companies can effectively manage the risks associated with large-scale offshore wind projects while building sustainable competitive advantages in the renewable energy market.
Industry stakeholders argue that this operational approach will strengthen Korea's offshore wind sector by leveraging the technical expertise and financial stability of established power corporations, while simultaneously creating opportunities for private sector participation and innovation in the rapidly expanding offshore wind development landscape.
