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All eyes on South Korea this month ???? South Korea is holding an offshore wind auction in October 2024, kicking off its plan to launch 7-8 GW of tenders over the next two years. This auction is part of the government's Offshore Wind Power Competitive Bidding Roadmap, aiming to boost offshore wind capacity to 18.3 GW by 2030. The auction will focus on both price and non-price factors like maintenance and public services. Additionally, a new market for floating wind projects will also be introduced later this year. The upcoming offshore wind auction in South Korea this month has attracted strong interest from several #developers, with bids already oversubscribed. Companies like Vena Energy are likely to be involved, reflecting their ongoing focus on expanding in the Asia-Pacific offshore wind market. However, there's been a noted decline in overall capacity for the auction, which might temper enthusiasm or result in increased competition among bidders for limited opportunities. #offshorewind #SPCleanEnergy #offshorewindnews #APAC

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Rana Zahid

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Nice to here and see

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