Could South Korea lead the second surge for floating offshore wind – even if prices will be higher than the recent AR6 auction in the UK?
The imminent offtake auction in South Korea has been heating up after the government announced reserved capacity for floating offshore wind and the market saw a surge of eligible projects during Q2-Q3 2024.
The recent release of an offshore wind auction roadmap is building momentum as it specifies draft auction volumes for the yearly offtake auctions in 2024-2026, including capacity reserved for floating.
Aegir Insights has made an analysis, available to our clients, on the outlook for the upcoming offtake auction in South Korea, covering:
🔹Bid simulation with expected PPA price levels – which shows that the PPA price is likely to be higher than in the recent UK AR6 auction.
🔹Expected capacities and criteria.
🔹Competitor landscape.
Existing subscribing clients can additionally access our South Korea Market Playbook and data on the Aegir platform.
For more information reach out to us here to learn how you can stay ahead of your competitors with Aegir Insights’ offshore wind intelligence offerings.
Aegir Insights' Market Intelligence on South Korea
At Aegir Insights we are continuously monitoring and covering developments in the South Korean offshore wind market.
You can dive deeper into Korean offshore wind and Aegir's knowledge of the market with our deep dive "South Korea bets big on offshore wind with gigascale auction but perils persist" and our analysis "Is South Korea’s offshore wind market nearing project saturation?"
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Insights by Aegir Insights
Aegir's Insights reports are short, stand-alone pieces with key information about significant events in a market. The events may be auctions, policy shifts, supply chain developments and more. They are quick reads, designed to give clients more context around and understanding of an event than a regular news article would while remaining easily digestible.