Energy Transition

Power prices up and wind installations down as South Korea grapples with renewables challenge

Korea's planned offshore wind buildout has barely begun but boom beckons amid soaring renewables investments, BNEF found

South Korea’s National Assembly last month approved the Special Act on Offshore Wind that could help the country accelerate its buildout.
South Korea’s National Assembly last month approved the Special Act on Offshore Wind that could help the country accelerate its buildout.Photo: Wikimedia Commons
Senior Correspondent
Published 18 March 2025, 11:19Updated 18 March 2025, 11:23
South KoreaEquinor