South Korea

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South Korea confirms new nuclear reactors and SMR rollout
By February 3, 2026February 3, 2026

South Korea’s government has confirmed it will move ahead with two new large scale nuclear reactors and the deployment of small modular reactors (SMRs) under the 11th Basic Power Supply Plan, bringing an end to months of policy review. The two reactors will have a combined capacity of 2,800 MWe and are scheduled for completion in 2037 and 2038, while 700 MWe of SMR capacity is planned by 2035. Climate, Energy and Environment Minister Kim…

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South Korea to dismantle Kori-1, its first nuclear decommissioning
By July 1, 2025July 1, 2025

South Korea will begin decommissioning its first nuclear power plant, Kori-1, marking a major step in its energy policy shift. The plant, commissioned in 1978, will be dismantled over 12 years at an estimated cost of Won 1.1 trillion ($810 million). The Nuclear Safety and Security Commission has approved Korea Hydro and Nuclear Power’s (KHNP) plan, which met all technical and regulatory requirements. The project will involve handling around 170,000 tonnes of nuclear waste under…

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Vena Energy and CIP awarded offtake contract for Taean Wind Project in South Korea
By January 29, 2025January 29, 2025

Vena Energy and Copenhagen Infrastructure Partners (CIP) have secured an offtake contract for their joint 500 MW Taean Wind Project in South Korea, awarded in the Wind Power Fixed-Price Contract Auction by the Korea Energy Agency (KEA). The fixed-bottom offshore wind project is slated for construction in the second half of 2026, with commercial operations expected by late 2029. CIP acquired a 49% stake in the project through its flagship fund, Copenhagen Infrastructure V, in…

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Hexicon secures majority stake in 1.1 GW MunmuBaram wind project
By November 29, 2024November 29, 2024

Swedish clean technology company Hexicon has secured approval from the South Korean Electricity Regulatory Commission (KOREC) for the transfer of two of three electricity business licenses (EBLs) for the 1.1 GW MunmuBaram floating offshore wind project. This approval fulfils a key condition for finalizing the sale and purchase agreement (SPA) signed in February 2024 with Shell Overseas Investments, enabling Hexicon to acquire full ownership of the project. The acquisition increases Hexicon’s stake in MunmuBaram from…

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Synera Renewable to develop offshore wind farm in South Korea
By November 27, 2024November 27, 2024

Synera Renewable Energy Group (SRE Group) has partnered with Moondo Wind Energy (MWE) to develop an 840 MW offshore wind farm near Geomundo Island, Yeosu City, in South Korea’s Jeollanam-do Province. The project, named Moondo Offshore Wind Energy (MOWE), marks SRE Group’s entry into the South Korean market and its second international venture after Northern Kyushu, Japan. The joint venture has secured an Electricity Business License (EBL) for the bottom-fixed offshore wind farm, emphasizing SRE…

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Tongyeong Eco Power’s 1GW LNG Plant begins operations in South Korea
By November 11, 2024November 11, 2024

Tongyeong Eco Power’s combined-cycle power plant has commenced commercial operations in Gyeongsangnam-do, South Korea, with a capacity exceeding 1GW, supplying electricity to nearly one million households. The liquefied natural gas (LNG)-fueled plant aligns with South Korea’s strategy to transition from coal to LNG and includes a 200,000 cubic meter LNG storage tank. GE Vernova has provided critical components for the plant, including two 7HA.02 gas turbines, one STF-D600 steam turbine, two heat recovery steam generators…

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