Financial Ports

South Korea bets big: 45 GW offshore wind by 2040 under state control

CLAVE 1 / 4South Korea aims to designate 25 GW of preliminary offshore wind development zones by 2031 under a new state-led regime.

CLAVE 2 / 4The government will coordinate up to 42 permitting procedures, slashing the previous 7-9 year process for developers.

CLAVE 3 / 4A state-led consortium led by Korea Hydro & Nuclear Power won the first 800 MW project off Jeonbuk, setting a precedent for future tenders.

CLAVE 4 / 4By 2040, Seoul projects 45 GW of cumulative offshore wind capacity, up from just 0.2 GW today.

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