South Korea has selected five offshore wind projects with a combined capacity of 1,786 MW in the first-half 2026 fixed-price contract auction, which attracted bids for twice the awarded capacity for the first time since the scheme was introduced in 2022.

An announcement of the outcome of Korea's hugely oversubscribed national wind tender is also said to be imminent

Record-breaking volume of bids submitted for Korean offshore wind auction, with almost 1.8GW of capacity awarded