World Wind Energy Association (WWEA) has entered an agreement with Korean Wind Energy Association (KWEIA) to jointly conduct research that seeks to improve the wind power market in South Korea.
The partnership is expected to explore possibilities for both the onshore and offshore wind industry.
Go deeper with GlobalData
It is expected to examine various leading markets in order to identify the best policies for the promotion of wind power and fast installation of wind farms in South Korea.
Findings from the research are expected to help the Korean Government to take the necessary decisions to facilitate the growth of wind power in the country.
WWEA secretary general Stefan Gsänger said: “Experience from other, leading wind markets can well serve as guidance on which way the country should go for.
“We believe that a clear focus on a 100% renewable energy supply will not only be good for the environment, but it will strengthen the country’s economy and improve economic prospects of urban and rural communities in Korea.”
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataWWEA comprises more than 600 members across roughly 100 countries, and is currently engaged in the promotion and deployment of wind energy solutions worldwide.
KWEIA subcommittee chairman and WWEA vice-president Choong-Yul Son said: “Today, the Korean wind market offers new opportunities and we are pleased that, with the support of WWEA and its international expertise, we can build the wind industry of our country.
“Both onshore and offshore wind farm investment will be scaled up in the coming year, and the mid-term target is an installed capacity of 15GW.
“To achieve this, we will learn from other countries who have already reached such milestone.”
KWEIA is currently involved in supporting policies and creating legal framework for the wind power industry in South Korea, among other initiatives.
