Korea Offshore Wind (2nd Edition): A Turning Point

We are pleased to launch our report Korea Offshore Wind (2nd Edition): A Turning Point.

The South Korean Government’s initiative and ambition to increase renewable energy was reinforced in the 3rd Basic Energy Plan announced in June 2019 with a renewable energy target of 20% by the year 2030 and 30-35% by 2040.

Large-scale solar projects are a possible solution but are constrained by land, environmental and permit issues. An increasing focus has therefore been put on offshore wind power.

This report is aimed at providing a high level overview of the opportunities and challenges in developing an offshore wind project in Korea. Should you have any questions, we would be delighted to discuss the topic further with you.