South Korea has started a competition to make 230 MW of onshore wind power and is also looking into launching a new offshore wind project.
South Korea's Energy Agency (KEA) has started a bidding process for 230 MW of onshore wind power. Under the country's fixed-price contract, approved projects will sell electricity at a set price for 20 years.
The maximum price is set at KRW 163,846 per MWh (USD 112.1/EUR 96.7), based on global energy cost trends and past auction results.
Interested companies have until December 29 to submit their bids. The auction will be in two parts: first, a review of the project's impact on industry and the economy, then a check of the price bid. The final results will be announced in February 2026.
While this tender is for onshore wind, authorities are still discussing how to handle licensing for offshore wind power. A separate auction for offshore wind will be held once those talks are finished.
In September, the South Korean government chose four public-led projects that together total 689 MW as winners in its latest competitive bidding for fixed-bottom offshore wind power.
The strategic push for wind energy projects is part of South Korea’s broader commitment to clean energy as well as reducing carbon emissions. The government is actively working to increase the country's renewable energy capacity, making major investments in both onshore as well as offshore wind projects. These efforts align with South Korea's goal of achieving a greener, more sustainable energy future.