South Korea awards nearly 1.8GW of offshore wind projects

Kongsberg South Korea has awarded five offshore wind projects totalling 1,786MW in the first half of its 2026 fixed-price contract auction. The latest round drew bids for 3,656MW across nine projects, according to the country’s Ministry of Climate, Energy and Environment. Of the capacity awarded, 1,254MW went to fixed-bottom offshore wind, well ahead of the 689MW selected across all of 2025. The fixed-bottom awards included one 160MW project in the public-led segment and three projects in the general segment with a combined capacity of 1,094MW. The selected fixed-bottom projects are DL E&C and Korea Midland Power’s 160MW Geumodo scheme, Copenhagen Offshore Partners’ 504MW Haesong 3, B.Grimm’s 340MW Hanbit, and Hanwha Group and SK Group’s 250MW Guupdo. In floating wind, one 532MW project was picked from three bids. The floating award went to Haewoori 2, a 532MW project led by Copenhagen Offshore Partners and SK Group. The ministry said the outcome shows the market can still attract competitive bids despite tighter pricing. “The fact that more than 1.2GW of fixed-bottom offshore wind was awarded even with a lower ceiling price shows the sector is continuing to mature,” the ministry said. It added that the selected projects have committed to using domestic suppliers for key parts of the supply chain, including foundations, power cables, installation and operations. Bojan Lepic Bojan is an English language professor turned journalist with years of experience covering the energy industry with a focus on the oil, gas, and LNG industries as well as reporting on the rise of the energy transition. Previously, he had written for Navingo media group titles including Offshore Energy Today and LNG World News. Before joining Splash, Bojan worked as an editor for Rigzone online magazine. Read Next July 1, 2026 Norwegian firm scores O&M deal for Poland’s first offshore wind farm July 1, 2026 Barrelet takes the helm at ONE July 1, 2026 Equinor hands Transocean $1bn Norwegian rig deal July 1, 2026 Aker Solutions lands European offshore wind substation deal July 1, 2026 Jacktel bags six-month extension from Aker BP