Following solar power generation, the Moon Jae-in administration will kick off the final part of the Renewable Energy 3020 Implementation Plan with an offshore wind power generation project that will generate 730MW.
The Ministry of Trade, Industry and Energy (MOTIE) announced on June 26 that it held the "Strategic Forum for the Industrialization of Offshore Wind Power Generation" at the Gangnam-gu Science and Technology Center in Seoul with the participation of about 500 people including those from the power generation industry, academia and local governments.
At this year's event, the government laid out an action plan to expand the nation's offshore wind power generation facilities. The government plans to increase the share of power generation from renewable energy to 20 percent of the nation's total power generation by 2030. During this period, the capacity of renewable energy-based power generation facilities would be increased by 48.7GW. Of this total, 24.6% or 12GW would come from offshore wind power generation facilities.
First of all, the government plans to create large-scale offshore wind farms, mainly in locations to be recommended by municipalities. In this regard, North and South Jeolla provinces and North and South Gyeongsang provinces among others announced plans for five projects that will produce 730MW.
The government will also make endeavors to supply small and medium-sized (under 500MW) offshore wind farms in the short term and build large-scale floating offshore wind farms over the mid- to long-term. All projects will be carried out in the form of “creating wind farms first and letting companies develop projects later” to attract private investment.