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South Korea expands offshore wind auctions to 4GW and cuts price ceilings

Oct 30, 2026 05:30 (9h ago)

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South Korea announced a second-half competitive auction for about 2.2GW of offshore wind contracts.
4GW will be tendered this year after roughly 1.8GW was offered during the first half.
The ministry is considering extending fixed-price contracts to 25 years from the current 20.