Seoul: South Korea aims to triple its onshore wind power capacity to 6 gigawatts (GW) by 2030 while lowering generation costs as part of efforts to expand the use of eco-friendly energy and achieve carbon neutrality, the climate ministry said Wednesday.
According to Yonhap News Agency, the goal was announced at the inaugural meeting of an intergovernmental task force on accelerating the deployment of onshore wind power, as stated by the Ministry of Climate, Energy and Environment. The plan outlines a significant increase in the installed capacity of onshore wind power facilities, aiming to triple the current level of 2 GW over the next five years. Furthermore, the capacity is set to reach 12 GW by 2035.
The government plans to reduce the generation cost of onshore wind power to below 150 won (US$0.10) per kilowatt-hour (kWh) by 2030, down from the current cost of 180 won per kWh. To achieve this, the ministry intends to open bids for the distribution of 300 domestically manufactured wind turbines within the next five years.
In addition, support will be provided for the development of small and medium-sized turbines. The initiative also includes the advancement of technologies for connecting onshore wind power facilities to energy storage systems and heat pumps.