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Denmark and South Korea renew partnership in offshore wind energy

During a recent business delegation led by the Minister of Climate, Energy, and Utilities in Denmark, Denmark and South Korea have renewed their partnership in offshore wind energy, with plans to cooperate on installing 14.3 GW of offshore wind in South Korea by 2030.
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Denmark is an important partner for South Korea in their offshore wind development, and the cooperation has now been renewed. The partnership renewal was signed by the Minister of Climate, Energy, and Utilities in Denmark, Lars Aagaard, during a business delegation to South Korea on 5-7 March.

South Korea has an ambition to install 14.3 GW of offshore wind by 2030, and Denmark, with its knowledge, experience, and solutions in the offshore wind sector, is committed to assisting in achieving this goal. The collaboration between Danish and South Korean energy authorities includes knowledge sharing, regulation of offshore wind, and the green solutions that Danish businesses can provide.

“South Korea has significant ambitions for the expansion of renewable energy, especially offshore wind, an area where Denmark has considerable expertise. I am pleased that we have renewed this collaboration. Denmark is one of the world’s leading countries in green transition. Therefore, it is Denmark’s duty to help spread knowledge and experience and export solutions that pave the way for a climate-neutral world,” Lars Aagaard, Minister of Climate, Energy, and Utilities in Denmark.

By the end of 2022, South Korea had a total installed wind capacity of just over 1.6 GW, with the majority being onshore wind, while the South Korean government aims to have installed 14.3 GW of offshore wind by 2030.

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Denmark a key to achieving offshore wind ambitions in South Korea

The renewal of the Danish-South Korean collaboration allows Denmark and Danish companies to contribute to realising South Korea’s offshore wind ambitions. Danish companies, for example, plan to deliver 6.2 GW of offshore wind in South Korea by 2030.

Danish knowledge and experience in legislation and planning for renewable energy are highly valued, especially concerning offshore wind. Denmark is praised for having the necessary technology, and valuable experiences, including a one-stop-shop for permits, involving the local population to ensure support for renewable energy projects, and with the right regulations, reducing the cost of offshore wind.

In 2011, Denmark and South Korea established the Green Growth Alliance, contributing to positioning Denmark and Danish companies as key players in South Korea’s green transition.

The renewal of the collaboration has been signed during the 12th meeting in the series of Green Growth Alliance meetings between Denmark and South Korea.

The business delegation to South Korea was organised by The Foreign Ministry of Denmark, DI – Danish Industry and Danish Energy Export, and included Danish companies which excel in offshore wind and other green technologies, such as Ørsted, Vestas, Copenhagen Infrastructure Partners (CIP), Hempel, COWI, Ramboll and many more.

Learn more about the offshore wind delegation to South Korea

Facts: The partnership on offshore wind between South Korea and Denmark

  • Denmark have an agreement with South Korea to deliver 6.2 GW of offshore wind by 2030.
  • Danish exports of energy technology to South Korea have grown by 167% since 2005. The export figure has thus increased from EUR 78 million in 2005 to EUR 195 million in 2022.
  • South Korea aims to reduce the country’s greenhouse gas emissions by 40% in 2030 compared to 2018.
  • South Korea aims for 21.6% of electricity production in 2030 to come from renewable energy.
  • In 2021, South Korea passed the ‘Carbon Neutrality Act,’ confirming South Korea’s commitment to becoming CO2-neutral by 2050.
  • South Korea has a goal to increase the share of renewable energy in the overall energy mix from around 6% today to 30% in 2036 to achieve carbon neutrality by 2050.

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