South Korea has selected five offshore wind projects with a combined capacity of 1,786 MW in its first-half 2026 competitive auction for fixed-price contracts, following bids from nine projects totalling 3,656 MW.

According to the Ministry of Climate, Energy and Environment (MCEE), the round achieved a 2:1 competition ratio for the first time since the offshore wind auction scheme was introduced in 2022. The awarded capacity comprises 1,254 MW of fixed-bottom offshore wind and 532 MW of floating wind, marking the return of floating wind auctions after no tender was held in 2025 due to low participation.