, South Korea
Photo by Brett Sayles from Pexels.

South Korea's wind capacity to exceed Japan's by 2033

The country’s wind installation is expected to reach 13.1 GW.

South Korea’s wind capacity will surpass Japan by 2033 to reach 13.1 gigawatts (GW) on the back of its stronger project pipeline.

In a report, BMI noted that South Korea has an installed wind capacity of 2.2 GW as of 2023, whilst Japan has 4.9 GW. 

With its current pipeline, Japan is only expected to reach 11 GW in 2033.

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

“Development in the global wind power sector has accelerated in the past decade, with technology and efficiency advancements supporting strong wind power market growth. We believe these technological improvements will drive the further development of wind sectors in South Korea and Japan,” the BMI report read.

BMI added that the advancements resulted in larger and more efficient wind turbines.

Cost pressures from metals will remain but BMI expects this barrier to ease over the medium to long term, further boosting the net capacity additions in the wind power sector.

 

Follow the link 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!

Exclusives

India removes licence requirement to build transmission lines for bulk consumers
The rule applies to those with at least 25 MW of load for inter-state connection and at least 10 MW for intra-state.
NEFIN Group works double time to catch up on projects
CEO Glenn Lim explains how a delay turned out good as the company aims to reach 667 MW of capacity by 2026.
Summit Power International provides vital LNG support to Bangladesh
Without cross-border electricity supply, LNG is needed by a country facing geographical constraints to deploy renewables.