, APAC
201 view s
Photo by Peter Leahy from Pexels.

Offshore wind capacity in South Korea and Japan to surpass onshore installations

However, their offshore capacity is expected to only exceed 200 MW in 2025.

South Korea and Japan’s offshore wind capacity is expected to surpass onshore wind installations as the two markets are expected to install about 7.8 gigawatts (GW) and 4 GW of offshore wind capacity from 2024 to 2033, respectively.

In a report, BMI noted that the offshore wind installations are more than double the addition in offshore wind which is expected at 3.2 GW for South Korea, and 2 GW for Japan over the same period.

“[O]ffshore wind operates at higher efficiencies than onshore wind, owing to more consistent and higher wind speeds and the absence of terrain obstructions,” BMI noted. 

“This allows for project operators to generate more electricity and increases the profitability of the project's operations,” it added.

ALSO READ: How Japan plans to accelerate energy, green transformation

However, offshore wind remains a nascent industry with South Korea and Japan both expected only to exceed 200 megawatts capacity in 2025 as current committed projects will only come by the latter half of the forecast.

BMI said it considered the construction lead times, project delays and commercial fundamentals from the challenges in “elevated input prices” over the short term, as well as grid integration.

“ As offshore wind projects tend to be located away from main transmission lines, grid expansion and the development of new offshore transmission facilities are required.,” BMI said.

“The consideration of maritime routes, and the construction of these transmission cables add to the complexity of developing an offshore wind project, hindering greater growth of these sectors over the short term,” it added.

 

Barriers to onshore wind

As both countries are developed markets, BMI noted that land prices will be high and land permits for onshore wind will be a challenge

Onshore projects are also expected to face public opposition because of a lack of proper public consultation.

There are also concerns about the subsequent sound pollution and alteration of landscapes.

“As a result, we are witnessing support behind offshore wind strengthen in these markets, exhibited by the creation of more offshore wind areas and the swift submission of proposals and project developments by investors,” BMI said.

 

Follow the link s for more news on

Join Asian Power community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

India’s Rajasthan and Gujarat need policy reforms to fuel RE transition
Some steps they could take are implementing green tariffs and setting infrastructure funds.
Global clean energy tech market to hit $2t by 2035
This is fuelled by investments as countries aim to enhance energy security.The global clean energy technology market is projected to grow from $700b in 2023 to over $2t by 2035, nearing the scale of the crude oil market, according to the International Energy Agency (IEA).This growth is fuelled by significant investments in clean technology manufacturing as countries aim to enhance energy security, maintain economic competitiveness, and cut emissions. Investment is concentrated in regions with established positions in clean energy, particularly China, the European Union, the UK, and increasingly, India.Whilst the US, EU, and India have taken measures to support their clean energy sectors, China is expected to remain the world's manufacturing hub. By 2035, China's clean technology exports are forecasted to exceed $340b—comparable to projected oil export revenues from Saudi Arabia and the UAE.Southeast Asia, Latin America, and Africa contribute less than 5% of global cleantech production value, yet the IEA suggests that these areas still hold opportunities within the clean energy economy. Developing economies, for instance, could leverage competitive advantages to advance in the value chain beyond resource extraction.The IEA said Southeast Asia could become one of the most cost-effective regions for producing polysilicon and wafers for solar panels over the next decade.

Exclusives

Coal-dependent ASEAN told to scale up RE generation
A regional power grid could help governments in their renewable energy transition.
Indonesia told to tap communities in clean energy transition
Solar and wind power managed by villages could generate 96 million jobs over 25 years.
Indonesia to add 90 MW geothermal capacity
Three power plants in West and East Java and North Sumatra will start operating this year.