An insightful and inspiring week in South Korea

Last week Aegir Insights’ VP Business Development Matthew Delany and Head of Engagement and Advisory David Vestergaard Thomsen visited South Korea to connect with both existing and potential clients, and to participate in the 12th Asia Offshore Wind Day in Busan.

At the conference David presented a global market outlook and shared insights on how the offshore wind industry is responding to a turbulent year in 2023. While coping with higher cost levels, the industry is seeing auctions being more calibrated to this new cost reality.

To close the conference, Matthew moderated the senior leader panel session, featuring esteemed panelists like David Jones from RWE and Jonathan Spink from Copenhagen Offshore Partners. The discussions revealed a shared optimism about the future of offshore wind in Korea, especially with the new offshore wind roadmap. While it’s a positive step forward, there’s still work to be done, particularly around establishing transparent auction rules and setting appropriate ceiling prices to ensure long-term success for the industry.

If you are interested in learning more about Aegir Insights’ intelligence on the Korean and other APAC offshore wind markets, please reach out to us.

Existing subscribing clients can access our South Korea Market Playbook and data on the Aegir platform and speak to our APAC lead analyst Simon Engfred Schlichting.