Member Country Activities for
the Republic of Korea
The cumulative installed wind power in The Republic of Korea was 553 MW in 2013 and estimated as 643 MW in 2014, increasing by 16% over the previous year (see Table 1). Most wind turbine systems installed in 2014 were supplied by the local turbine system manufacturers. A renewables portfolio standard (RPS) proposal for new and renewable energy was enacted in 2012 and the required rate of RPS in 2013 was 2.5%; this will increase to 10% by 2022. In 2013, the second year of RPS, more than 76% of the target rate was achieved. A nine-year construction plan for a 2.5-GW offshore wind farm in the west coast was announced in 2010 and the first stage of the project—construction of a 60-MW wind farm—is in progress. The 2.5-GW offshore wind farm construction and the RPS are expected to accelerate the growth of wind energy in Korea. Since 2009, the government has concentrated on the localization of components to secure the supply chain, and more R&D government budget is allocated to localize component supply and develop core technologies for wind power.