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South Korea has awarded 689 MW of offshore wind projects in the competitive tender for fixed-bottom offshore wind organised in the first half of 2025, the Ministry of Trade, Industry and Energy (MOTIE) and the Korea Energy Agency (KEA) said on 1 September.
Earlier this year, KEA announced that the tender offering an offshore wind capacity of 1.25 GW and 1 GW for solar projects would be held in the first half of 2025, after MOTIE announced the competitive bidding for offshore wind would be taking place twice a year.
The now-completed round was split into two tracks: a public-led category with about 500 MW available and a general category for private-sector projects offering about 750 MW.
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Four developers were selected in the public-led track, with a combined capacity of 689 MW, while no projects were chosen from the general group, according to KEA.
The names of the winning projects and developers are not readily available on the government websites, but South Korean media reports that a 400 MW Southwest Offshore Wind Power Demonstration Complex, developed by KEPCO’s Korea Offshore Wind Power, a 100 MW Handong-Pyeongdae Offshore Wind Power project, developed by a consortium led by Dongseo Power; a 99 MW Dadaepo Offshore Wind Power project, led by Southern Power; and an 80 MW Aphae Offshore Wind Power project, developed by a Korea Electric Power Technology-led consortium won in the group dedicated to public bidders.
The projects in the general bidding group, which were not selected through the tender, include the Haesong 3 Offshore Wind Power project, developed by Copenhagen Infrastructure Partners (CIP) and the Hanbit Offshore Wind Power project, developed by Myungun Industrial Development.