KWI Daily | New Bills on Government Equity and Military Approval Spark C | April 18, 2026

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 the 15th, strengthens military involvement in project approvals. Industry stakeholders fear these regulations could hinder the growth of offshore wind before the planned 'planned siting' system even fully commences.

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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. Industry experts suggest a 'dual-track strategy' where the auction structure varies based on the government's pre-survey data reliability. This approach aims to ensure safety and speed by providing developers with trustworthy data for planned sites.

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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 overlap raises significant concerns among local fishermen regarding crab fishing grounds and potential navigation safety issues for passenger ferries. The project, located 60km west of Deokjeokdo in the Exclusive Economic Zone, faces strong opposition from fishing communities.

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