Wire · technology
South Korean offshore wind success requires a public-private approach to project realization
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Fusion42 · 9 September 2026 · Fusion42 review
South Korea aims to rapidly expand its offshore wind capacity to 55GW by 2035 and 45GW by 2040 through government-led site selections, streamlined approvals, and fixed-price contracts, supported by the Offshore Wind Special Act to accelerate project realisation and local industry growth.
This Wire brief sits within Fusion42's coverage of Clean Energy.
◆ ◆ The Wire takeaway
South Korea’s shift to government-led offshore wind sites and consolidated approvals opens a direct route for suppliers and project partners to engage early in this fast-expanding market. You should position for partnerships that bring European offshore expertise to meet the sudden surge in demand as this new framework disrupts the traditional project pipeline.
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1 source · 9 Sep 2026
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