Hyosung Heavy Industries is accelerating its return to the offshore wind turbine market. It is targeting a joint venture agreement with Shanghai Electric by year-end and plans to supply 14MW turbines to partner developers bidding in the government's fixed-price offshore wind auction in the second…
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Global offshore wind developers including Equinor, Shell, Corio Generation, and Iberdrola are withdrawing from South Korea due to complex permitting processes taking up to 10 years, unfavorable wind conditi
Norway's state-owned energy company Equinor is withdrawing from Korea after 12 years, closing its local subsidiary by year-end despite pursuing three floating offshore wind projects since establishing
Korea's offshore wind sector faces a critical bottleneck: while construction takes 2–3 years, permitting and licensing require 6–7 years, compared with about one year of construction preparation in China once a developer is selected.
Geoje City received Approval in Principle (AIP) certification from KR (Korean Register) for a floating structure testbed at Seongpo Port. The certification confirms the design feasibility of multipurpose offshore floating infrastructure technology and lays the groundwork for a demonstration project.
MunmuBaram CEO Ju Young-gyu highlighted floating offshore wind as a transformative technology for Korea's renewable energy market, emphasizing its advantages over fixed-bottom systems including superior wind resources in deeper waters and broader geographic deployment potential across all three…
EWP (Korea East-West Power) is advancing two renewable energy projects: the 110MW Handong Pyeongdae offshore wind farm in Jeju, which obtained its electricity business license in 2026 and, according to investor materials, targets commercial operation in October 2029, and a 60MWh energy storage…
KOSPO (Korea Southern Power) met with Busan Mayor Jeon Jae-soo on October 14 to request the city's active cooperation for the Dadaepo offshore wind project.
The Chuja offshore wind project is expected to shrink by about 25%, from 2.37GW to 1.79GW, ahead of a fresh tender after the original developer withdrew. A baseline survey by Jeju Energy Corporation reduced the developable area after maritime traffic routes and marine ecosystems were excluded.
South Korea's government has decided to consolidate five state-owned power generators (Korea East-West Power, Korea Midwestern Power, Korea Western Power, Korea Southern Power, and Korea Southeastern Power) into a single entity called 'Korea Generation' after 25 years of operating separately.
Jeju Governor Eyes Withdrawal of 130B Won Profit-Sharing Condition for Chuja Offshore Wind
Korea Genco Merger Essential for Renewable Energy Transition
Ørsted Pauses Incheon Offshore Wind Project Over Profitability Concerns
South Korea targets October 2027 launch of unified GencoGet the latest Korea offshore wind news delivered to your inbox.
Korea's five state-owned generators become one in October 2027. They hold 14.0 GW of offshore wind, a third of the national pipeline. What the merger case rests on, and what it leaves unanswered.
Engine ARA — project economicsReport page in preparation Every law, bill, permit stage and ordinance behind Korean offshore wind, in English with a link to the official Korean source.
