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Price query for wind and solar hybrid base station in South Korea

South Korea unveils 2.8 GW of wind and solar tenders

South Korea''s Ministry of Trade, Industry and Energy (MOTIE) has announced wind and solar energy tenders for 1.8 GW and 1 GW of capacity, respectively.

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The ceiling prices stand at KRW155.742/MWh (US$113.7/MWh) for solar and at KRW 176,565/MWh (US$128/MWh) for wind. The ministry plans to connect the awarded

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South Korea''s Energy Agency has announced a competitive bidding for offshore wind projects with a capacity of 1.25 GW and 1 GW solar projects in the first half of 2025. The

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The ceiling prices stand at KRW155.742/MWh (US$113.7/MWh) for solar and at KRW 176,565/MWh (US$128/MWh) for wind. The ministry plans to connect the awarded

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About Price query for wind and solar hybrid base station in South Korea

About Price query for wind and solar hybrid base station in South Korea

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4 FAQs about [Price query for wind and solar hybrid base station in South Korea]

How much does a fixed-bottom offshore wind tender cost?

The scoring criteria is expected to include the stability of power generation facilities and energy supply, said MOTIE. The ceiling price for the fixed-bottom offshore wind tender this year remains the same as last year at KRW 176,565 (EUR 113.33) per MWh. When it comes to solar projects, 1 GW of capacity will be offered for bidding.

How much does a solar PV tender cost?

The tender will be split into two parts, with 1.8GW allocated for wind—itself split between 1.5GW for offshore wind and 300MW for onshore wind—and 1GW allocated for solar PV. The upper price limit for bids will be set at KRW157.3/kWh (US$0.11/kWh) and is an increase on the upper limit set for last year’s tender, which reached KRW153.5/kWh.

How many MW will be offered in the offshore wind tender?

The offshore wind tender for the first half of this year will focus on fixed-bottom projects. Out of the total 1.25 GW capacity, 500 MW will be offered through the public-led bidding market, with the remaining 750 MW designated for the general bidding market.

Will the government offer a public-led offshore wind tender?

For the first time, the government will offer a public-led offshore wind tender alongside its general bidding round, with a combined capacity of over 1.2 gigawatts. Solar capacity will be capped at 1 gigawatt, with slightly lower pricing thresholds than last year.

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