Wind associations team up to boost Korean wind power market

The World Wind Energy Association (WWEA) and Korean Wind Energy Industry Association (KWEIA) have signed an agreement to jointly research leading markets in order to identify key success factors for wind power development.

The conclusions of the research will serve as guidance for the Korean government to take the necessary decisions for a faster growth of wind power in the country, the two associations said in a news release earlier this week.

"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 15 GW. To achieve this, we will learn from other countries who have already reached such milestone, ” said Prof. Choong-Yul Son, Chairman of the Subcommittee of KWEIA and WWEA Vice President.The Republic of Koreas is facing a fundamental shift in its energy policies, after the election of President Moon earlier this year, the industry bodies point out. The Asian country has already switched off several coal power stations and will prepare a plan to phase out nuclear power as well. In accordance with switching off polluting energy sources, the country will accelerate the deployment of renewable energy, including wind power.

Choose your newsletter by Renewables Now. Join for free!