Korea Electric Power Corp. launches full-scale construction of West Coast HVDC Energy Highway, advancing first section completion to 2030, one year ahead of schedule, to transport offshore wind power to Seoul metropolitan area through four-phase underwater transmission network by 2038.
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KEPCO Accelerates West Coast Energy Highway Project, First Section Completion Advanced by One Year
Korea Electric Power Corp. launches full-scale construction of West Coast HVDC Energy Highway, advancing first section completion to 2030, one year ahead of schedule, to transport offshore wind power to Seoul metropolitan area through four-phase underwater transmission network by 2038.
South Korea's Climate Ministry conditionally designates seven offshore wind cluster zones totaling 11,642 MW capacity across five regions, aiming to establish large-scale energy hubs by mid-2030s while supporting coal-to-renewable energy transition and regional economic development.
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Climate Ministry Conditionally Designates Seven Offshore Wind Clusters in Incheon, South Jeolla
South Korea's Climate Ministry conditionally designates seven offshore wind cluster zones totaling 11,642 MW capacity across five regions, aiming to establish large-scale energy hubs by mid-2030s while supporting coal-to-renewable energy transition and regional economic development.
South Korea’s major banks are seconding IB staff to Korea Development Bank to jointly source and evaluate large-scale deals for the National Growth Fund, aiming to boost productive finance and support mega infrastructure projects.
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Why Major Banks Are Seconding IB Staff to Korea Development Bank
South Korea’s major banks are seconding IB staff to Korea Development Bank to jointly source and evaluate large-scale deals for the National Growth Fund, aiming to boost productive finance and support mega infrastructure projects.
"These included standard windfarms fixed to the seafloor and a new generation of floating windfarms that could help the UK to build projects in far deeper areas of the North Sea.
Offshore windfarm contracts to fuel 12m homes in Great Britain after record auction."
https://www.theguardian.com/environment/2026/jan/14/offshore-windfarm-contracts-to-fuel-homes-great-britain-record-auction
#renewables #windpower #offshorewindpower
Offshore windfarm contracts to fuel 12m homes in Great Britain after record auction
Subsidies awarded to eight new projects after ministers increased funding available to developers
President Lee Questions Focus on Offshore Wind - 'Why Pursue Costlier Offshore Wind Over Cheaper Solar?'
President Lee Jae-myung questioned the economic rationale for prioritizing offshore wind power over solar, citing higher costs, while officials outlined plans to lower offshore wind generation costs through scale by 2035.
SK Ecoplant Moves to Sell SK Oceanplant—The Ocean Consortium Named Preferred Bidder
SK Ecoplant has begun the process to sell a 36.98% controlling stake in its subsidiary SK Oceanplant, naming The Ocean Consortium as preferred bidder amid ongoing portfolio rebalancing efforts.
KEPCO to Launch Full-Scale Offshore Wind Power Project in Southwest Jeollabuk-do
KEPCO will move forward with a 400MW offshore wind project in southwest Jeollabuk-do after winning a major public-led bidding, securing 20-year fixed-price power sales.
Hyundai Engineering & Construction and Hanwha Ocean to Collaborate on Offshore Wind Power Projects
Hyundai Engineering & Construction and Hanwha Ocean have signed an MOU to collaborate on offshore wind power projects, aiming to boost efficiency and competitiveness through joint bidding, construction, and vessel utilization.
SK Ocean Plant accelerates stake sale process, distributing information memorandum to potential buyers including Hanwha, with estimated sale price around $375 million amid performance challenges and strategic rebalancing efforts.
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SK Ocean Plant Accelerates Stake Sale - Hanwha Also Receives IM
SK Ocean Plant accelerates stake sale process, distributing information memorandum to potential buyers including Hanwha, with estimated sale price around $375 million amid performance challenges and strategic rebalancing efforts.
South Korea's Industry Minister Ahn Duk-geun hosts foreign investment strategy meeting, securing $300 million in commitments for advanced materials and offshore wind power sectors from global firms like Vena Energy and Corning.
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Industry Minister Holds Foreign Investment Strategy Meeting - $300 Million Investment Received in Advanced Materials and Other Sectors
South Korea's Industry Minister Ahn Duk-geun hosts foreign investment strategy meeting, securing $300 million in commitments for advanced materials and offshore wind power sectors from global firms like Vena Energy and Corning.
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Ecoflap Home Draughtproofing