Hang wings in the wind
Industry status
Key Policies
Benefit
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01
Full-scale promotion of government-led, resident participatory offshore wind power
· Prevention of reckless development and conversion to planned development through government-led selection of
appropriate sites
· Residents participate from the planning stage and share the benefits of development
-
02
Accelerate the transition to clean and safe energy
· Achieving the 3020 target of 12 GW in 2030 and promoting the achievement of 20 GW by 2034
· Promoting a 40% reduction in LCOE by 2030 by expanding the offshore wind power market
* LCOE: (2025) KRW 225~282 won/kWh->(30) KRW 132~165 won/kWh (BNEF Global decline applied)
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03
Realize the Green New Deal by revitalizing the local economy and creating jobs
· Creation of 87,000 jobs per year through large-scale private investment (total KRW 63 trillion won)
related to offshore wind power such as turbine manufacturing, offshore structure manufacturing, transportation
and installation
· Promoting win-win growth with the fishery industry by supporting local residents through ordering law REC
* When 12GW is completed, support for surrounding region and residents is expected to reach up to KRW 600 billion
won annually for 20 years
-(Order Law) About 604.8 billion won in special subsidy (20years, KRW 30.2 billion won/year), about KRW 1.8 billion
won in basic subsidy/year,
(REC weight) Local government-led up to KRW 190.6 billion won/year, resident participation-type up
to KRW 381.2 billion won/year
-
04
Promotion of enhancement of economic feasibility and industrial competitiveness of businessman
· Reduced the total project period by more than 2 years through government-led site discovery, improvement of
licenses and permits, and process improvement (currently at least 7 years -> 5 years of improvement)
· Support for securing economic feasibility through REC calculation method and weight reorganization considering
offshore wind power
· characteristics Enhancing competitiveness in domestic industry, price and technology by creating a market of 1GW
or more annually, developing large-capacity floating offshore wind power technology and supporting demonstrations
- Address : 2F, 266, Kkotbawi-ro, Dong-gu, Ulsan, Republic of Korea
- TEL : +82-52-707-8880
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