South Korea preps tenders for 2.25 GW of offshore wind, solar
Projects incorporating those two technologies will be tendered in the second half, based on the remaining volume and bidding demand. Of the total 1.25 GW on offer, around
The capacity of the proposed bidding round is in line with South Korea's Offshore Wind Power Competitive Bidding Roadmap, unveiled in August 2024, and its Public-led Offshore Wind Bidding Plan released in March 2025. In addition to offshore wind, the Asian nation will offer for tender up to 1 GW of solar photovoltaic (PV) capacity.
South Korea has launched a tender for fixed-price solar and wind projects, looking for 2.8GW of new renewable power capacity.
The tender will be split into two parts, with 1.8GW allocated for wind—itself split between 1.5GW for offshore wind and 300MW for onshore wind—and 1GW allocated for solar PV. The upper price limit for bids will be set at KRW157.3/kWh (US$0.11/kWh) and is an increase on the upper limit set for last year's tender, which reached KRW153.5/kWh.
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