The Republic of Korea installed approximately 115 MW of wind power capacity in 2016. Installations in 2016 increased by 14% over 2015, with an estimated cumulative total of 967 MW. Domestic manufacturers supplied more than 70% of the installed wind turbines in 2016.
In 2012, Korea enacted a Renewable Portfolio Standard (RPS) to support renewable energy. The required rate of RPS in 2016 was 3.5%, which was achieved in the fifth year. Aggressive investments by the government and the RPS are expected to accelerate the growth of wind energy in Korea.
A nine-year plan for a 2.5-GW offshore wind farm on the country’s west coast was announced in 2010; the plan has been postponed for several years, but the first stage of the project is in progress—construction of 60-MW wind farms.
Since 2009, the Korean government has supported local component manufacturers within the supply chain and increased the R&D budget to develop core technologies for wind power.