Former Jeollanam-do Governor Kim Young-rok spearheaded major energy initiatives including KENTECH establishment and the Sinan 8.2GW offshore wind project as part of his 'Blue Economy' vision to positi
Vena Energy is expanding its Korean renewable energy footprint with 500MW offshore wind in Taean and 384MW in Yokji, backed by a 1 trillion won MOU with Chungnam Province signed in March 2025. The com
South Korea's renewable energy support system transitions from the RPS (Renewable Portfolio Standard) to a bidirectional Contract for Difference (CfD) mechanism starting 2027, following National Assem
The Korea Wind Industry Association met with South Korea's Ministry of National Defense to streamline the military operational review process, a major bottleneck for offshore wind projects. The govern
A joint research team from Hoseo University, Chungnam Energy Research Institute, and Asan City Council received an excellence paper award at the International Conference on Electrical Facilities and I
Korea has issued 36GW of offshore wind project permits but only 0.35GW operates commercially, revealing a critical execution gap. A TÜV SÜD Korea executive identified four bottlenecks—policy/permittin
Ørsted has suspended bidding on its 1.4GW Incheon offshore wind project and initiated a comprehensive redesign to meet internal investment criteria. The decision reflects pressure from South Korea's d
South Korea's 12th Basic Plan on Long-term Electricity Supply and Demand elevates wind power as the core renewable energy driver, targeting 61GW total wind capacity by 2040—with offshore wind reaching
Following reports of Ørsted's withdrawal from Korea, the global offshore wind leader's chairman plans a visit in early September. The visit signals potential reconsideration or clarification of the co
LS Marine Solutions projects 2026 revenue of ₩331.9 billion (up 35.9% YoY) driven by expanding subsea cable demand and major offshore wind projects including Sinan-Ui and Taean. The company is buildin
Korean wind industry stakeholders emphasized the need for predictable long-term contracts and realistic price ceilings in the post-RPS bidding system, warning that overly low price caps could stall pr
Unison has secured a 99.3 billion won contract to supply twelve 6.35MW offshore wind turbines for the 76.2MW Gochang offshore wind project in North Jeolla Province, in partnership with Posco E&C. The
