Wind Power in South Korea is being seen as the potential driver of renewable energy development in the country. Electricity generation through wind power has already progressed to significant levels and most of this has been developed onshore. The present onshore capacity installed in South Korea is at more than 480 MW by end of 2012, which is set to expand with many projects awaiting operational and constructional commencement.
The wind power sector in South Korea has been reformed which had stunted the growth a little bit but now with the reforms in place already, the capacity is growing and is expected to take the fast track to growth. To augment the rapid growth of wind energy in the country, the domestic heavy industries have taken upon themselves the onus of manufacturing the wind turbine generators that will reduce the sector's dependence on imports and will also result in the reduction of wind energy production costs.
The Feed in Tariff policy of the government has now been replaced by the Renewable Portfolio Standard. The research report points out to the various reasons behind this reform one of which was the low revenue given to wind generated electricity as compared to solar and hydro power.
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Wind energy in South Korea
- End 2002: 16 MW (- %)
- End 2003: 19 MW (+18.8 %)
- End 2004: 23 MW (+21.1 %)
- End 2005: 119 MW (+417.4 %)
- End 2006: 176 MW (+47.9 %)
- End 2007: 192 MW (+9.1 %)
- End 2008: 278 MW (+44.8 %)
- End 2009: 348 MW (+25.2 %)
- End 2010: 379 MW (+9 %)
- End 2011: 406 MW (+7.2 %)
- End 2012: 483 MW (+19 %)