South Korea's government has introduced a bill mandating offshore wind farm operators to share project profits with the public, aiming to alleviate energy costs for citizens.
Korea's offshore wind sector anticipates a surge in bidding activity ahead of the Renewable Portfolio Standard (RPS) sunset, though underlying profitability issues raise investor caution.
The Hae Song Offshore Wind project is highlighted for its local community participation model, aiming for sustainable development through economic integration.
Korea plans ~1.8GW offshore wind competitive bidding in 1H; bid ceiling adjusted downward
The Ministry of Climate announced a competitive bidding round for about 1.8GW of offshore wind
Korea Offshore Wind IntelligenceDeep Dive
April 2026
Auction Analysis · 2026 H1 Competitive Bid Round
Korea’s 2026 H1 Offshore Wind Auction: Price Decoupling for Floating and the End of Non-Price
Korean wind turbine manufacturer Unison has transitioned to a co-CEO system, a strategic move aimed at accelerating its offshore wind development projects and enhancing market competitiveness.
Korea to run a 1.8GW offshore wind competitive bidding round in 1H, with a lower price cap
The Ministry of Climate announced plans to tender around 1.8GW of
South Korea's Climate Ministry has initiated a 1.8GW offshore wind power bidding round for the first half of the year, notably lowering the upper price limit.
South Korea is poised to launch competitive bidding for approximately 1.8 GW of offshore wind capacity in the first half of the year, signaling a major push for project development.
Twelve years in, Korea is finally dismantling the only REC-based renewable obligation left in the developed world. The destination makes sense. The route still has a few unmarked turns.
Dadepo offshore wind project delayed by licensing hurdles
A report highlights the Dadepo offshore wind project’s estimated economic impact (1.4 trillion won) while noting that progress is being
