An analysis of South Korea's energy transition policy with regards to offshore wind power development

Abstract

South Korea's new energy transition policy was declared in 2017 as citizen demand grew for solutions to safety problems caused by successive earthquakes affecting areas with many nuclear power plants in 2016 and 2017 as well as health problems caused by coal-fired power plants contributing to high condensable particulate matter in spring. This policy focuses on both a reduction in nuclear and coal-fired power plants and further development of eco-friendly and sustainable power generation and supply. The South Korean government is thus planning a large-scale transition toward improved energy efficiency as well as safe and clean energy sources. Its announced goal is to supply a 20% share of renewable energy in the national energy mix, including 37 GW of photovoltaic power, 3 GW of onshore wind power, and 13 GW of offshore wind power by 2030; the latter is expected to play a strategic role in the Renewable Energy 2030 plan. As South Korea's geographic conditions enable large-scale offshore wind farm projects that are relatively free from complaints and visual effects caused by transportation, installation, noise, vibration, and damage to natural environments, it is highly likely that wind power will become one of the nation's major renewable electricity sources. This paper discusses the potential for developing offshore wind farm projects in South Korea with particular focus on analyzing offshore resources and reviewing government policies and support programs that could limit or otherwise challenge the deployment of such projects, with further considerations of policy choices that could improve the deployment of offshore wind power. As the greatest hindrances to offshore wind power development are frequently-changed government policies and support programs, the adoption of consistent, stable, and efficient guidelines and supports would be most beneficial for meeting South Korea's goals of increased offshore wind energy supplies.