South Korea is moving to extend offshore wind fixed-price contracts from 20 to 25 years, giving operators more time to recover investment and potentially offer lower electricity prices.
South Korea will introduce a government-led planned site system for offshore wind from 26 March, replacing the developer-led approach with integrated permitting and a new policy framework.
Taiwan is redesigning its Round 3.3 offshore wind auction, removing localisation rules and weighting delivery, finance and ESG to allocate 3.6 GW for grid connection in 2030–2031.
Japan is revising its offshore wind auctions by reducing the weight of speed, tightening price rules and opening capacity-style support so that awarded projects stand a better chance of reaching completion.
Japan is revising its offshore wind auctions by reducing the weight of speed, tightening price rules and opening capacity-style support so that awarded projects stand a better chance of reaching completion.
