Exploring exciting opportunities in the Korea and Japan's Offshore Wind and Hydrogen markets.
There are strong incentives to invest in Asia.
With positive news coming out of Japan and Korea,emerging markets are stepping into the positives with strategic support from governments.
International developers presence in Japan,
Equinor,Orsted,TotalEnergies,bp,CIP,RWE, SSE Renewables,OW Ocean Winds,Corio Generation
JAPAN - RAMPING UP
• Three industry scale projects already financed (471MW), 1.7GW awarded for Round 1 (2021), 1.8 GW of capacity awarded for Round 2 (2023),
1.1GW awarded for Round 3
• Switch from feed-in-tariff to feed-in-premium and corporate PPAs
International developers presence in Korea,
Equinor,Orsted,TotalEnergies,bp,CIP,RWE, SSE Renewables,OW Ocean Winds,Skyborn Renewables,Corio Generation
SOUTH KOREA - SOME NEW MILESTONES REACHED
South Korea is entering into the OFW universe with only one industry-scale offshore wind project with international developer, technology and market practice closed in 2023
• 1.4GW of capacity awarded at the second tender in 2023 to Korean companies and for the first time Chinese turbines on two projects, 2.1GW
awarded at the 2024 tender including 750MW of floating offshore wind capacity
• Recent announcements of the new rules for 2025+ tenders with in particular a separation in three envelopes - fixed-bottom, floating and public-led projects - as well as increase in the non-price weighting.
Join us to speed up Korea and Japan's Offshore Wind and Hydrogen industry via your innovation.