South Korea has presented a revised strategy for offshore wind development, shifting from broad capacity ambitions to a programme centred on implementation, cost reduction, and supply chain readiness. The plan was set out by an intergovernmental task force led by the Ministry of Climate, Energy and Environment and is intended to accelerate deployment in national waters.
The framework aims for annual offshore wind additions of 4 GW and a cumulative 10.5 GW installed or under construction by 2030, compared with earlier government ambitions of 14.3 GW. It also sets a cumulative target of 25 GW by 2035. The plan places a strong emphasis on lowering generation costs, with goals of KRW250 per kWh by 2030 and KRW150 per kWh by 2035.
Port capacity is expected to rise from 0.6 GW to 4 GW per year by 2030, supported by efforts to expand installation vessel availability. The government aims to have four vessels capable of installing 15 MW turbines available by 2023 and six by 2035.
Administrative measures include the early launch of an Offshore Wind Promotion Taskforce, additional support through permitting and conflict-resolution processes, and streamlined reviews of potential overlaps with military activity. Competitive bidding linked to pre-assessment will be adopted, with a long-term tender roadmap planned for release in the first half of 2026.
The strategy also seeks to shorten development timelines from about ten years to around six and a half. It foresees development of a domestically designed 20 MW offshore wind turbine, a 100 MW floating wind demonstration project, and increased participation from Korea’s shipbuilding and offshore engineering industries. A standard model for community benefit sharing will also be introduced.
