South Korea Accelerates Offshore Wind Power
South Korea is making significant strides in developing its offshore wind energy sector. The country’s Ministry of Trade, Industry, and Energy (MOTIE) is launching key initiatives to bolster renewable energy capacity, including a public-led project and a comprehensive roadmap aimed at transforming offshore wind in South Korea. Additionally, a floating offshore wind project in Ulsan recently reached an important milestone. In this article, we look at some of the recent developments in South Korea’s offshore wind sector, which are giving the Clarksons Korea team a sense of real optimism.
Clarksons Appoints Steve Ryoo to Drive Offshore & Renewables Expansion in South Korea
Clarksons Offshore & Renewables is thrilled to announce the appointment of Steve Ryoo as Broker and Country Manager in South Korea. With a career spanning over a decade in the marine salvage, dredging, and offshore wind sectors, Steve is set to bring invaluable expertise to the team.
The Promise and Challenges of Expanding Renewable Energy in South Korea
South Korea stands at a critical juncture in its energy landscape, with a pressing need to transition towards renewable sources. Despite its position as the 8th largest electricity market globally, the country faces challenges in progressing renewable energy, and currently imports 90% of its energy supply. The potential for growth in the renewable sector is promising yet hindered by various bottlenecks.