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Offshore wind an alternative amid supply chain risks, market trust lowers generation costs

Lee Hyun-seung of Copenhagen Offshore Partners (COP) Korea and Kim Jin-chul of Jeonnam Offshore Wind highlighted offshore wind as a supply chain alternative amid geopolitical energy uncertainty, citing 13.8 trillion won in manufacturing output per 1 GW and 624 GW domestic technical potential.

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Lee Hyun-seung, Chief Development Officer of Copenhagen Offshore Partners (COP) Korea, presenting at the offshore wind session of the Clean Energy Infrastructure Forum in Seoul
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"Offshore wind power is a source of energy that minimizes external influence and enables energy independence in a situation where geopolitical risks are intensifying energy security crises."

Lee Hyun-seung, Chief Development Officer of Copenhagen Offshore Partners (COP) Korea, made this statement on October 28 at the offshore wind power session of the Clean Energy Infrastructure Forum held under the theme "Denmark's Experience, Korea's Innovation." Against a backdrop of growing uncertainty in global energy markets due to the US-Iran conflict leading to the Strait of Hormuz blockade and the Ukraine-Russia war, offshore wind power can enhance the stability of a country's energy supply and demand.

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