The South Korea wind energy market size was approximately 2.97 TWh in 2025. The market is assessed to grow at a CAGR of 4.20% between 2026 and 2035, reaching 4.48 TWh by 2035.
Base Year
Historical Period
Forecast Period
By the end of 2021, the total installed capacity of wind turbines in South Korea reached 1713 MW, wherein 64 MW capacity was installed in 2021 alone.
By 2030, South Korea aims to achieve a national objective of generating 20% of its electricity demand from renewable energy sources.
As per the Electricity Business License (EBL) issued by the South Korean Ministry of Trade, Industry, and Energy, offshore wind projects having a combined capacity of 13,595MW were granted licenses across 54 different locations in 2021, compared to 33 areas in 2020.
Compound Annual Growth Rate
4.2%
Value in TWh
2026-2035
*this image is indicative*
To simplify the permitting and licensing processes for companies interested in the wind energy market, the South Korean government launched a national development strategy called the Green New Deal in 2020. It aims at encouraging renewable energy production in the country and building smart grids for energy distribution. It is also conducting feasibility studies to find large scale offshore wind farms and determine the set-up cost of establishing wind farms. This is leading to the South Korea wind energy market growth.
The number of offshore wind energy plants in South Korea is expected to increase significantly. This is because of increasing investments by the government and private sector players in the development of offshore wind energy power plants. For instance, the development of the world’s largest offshore wind farm in South Korea’s Sinan, as per the government’s 2021 deal, is expected to generate 8.2 GW of power, which is equal to the power generation capacity of 6 nuclear power plants. The project is expected to complete by 2030, enabling the country to become a leader in offshore wind power.
Since South Korea has a natural geographical advantage of being surrounded by sea on three sides, and its technological know-how supports the development of green energy resources, companies are eager to explore the potential of wind energy in South Korea.
Turbines and various components used for wind power generation are largely imported in South Korea. The demand for support structures to keep the wind turbine steady in the sea and winds, and electrical infrastructure to distribute power is also expected to increase with the introduction of favourable government policies to accelerate the transition to green energy. With the country being one of the most important and innovative industrial nations, many international companies have shown interest in South Korea’s wind power sector. Further, imported products are required to be thoroughly tested and certified before entering the Korean market.
"South Korea Wind Energy Market Report and Forecast 2026-2035" offers a detailed analysis of the market based on the following segments
Market Breakup by Deployment
Market Breakup by Component
Market Breakup by Application
The players in the South Korea wind energy market are increasingly focusing on forming public and private partnerships and leveraging advanced technologies to enhance their production capabilities and meet the increasing demand for renewable energy.
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In 2025, the market size was approximately 2.97 TWh.
The market is estimated to grow at a CAGR of 4.20% between 2026 and 2035.
The market is estimated to witness a healthy growth in the forecast period of 2026-2035 to reach around 4.48 TWh by 2035.
The market is being driven by growing environmental concerns and the focus of the South Korean government to achieve carbon neutrality by 2050 by utilising renewable resources.
The key trends aiding the market expansion include various initiatives by the government and private sector to boost energy generation from wind power and the nation’s plan to increase its capacity of offshore wind farms.
On the basis of components, the market can be divided into turbine, support structure, and electrical infrastructure among others.
The major application segments according to the market report include utility and non-utility.
The major players in the market are TotalEnergies SE, Equinor ASA, Siemens Gamesa Renewable Energy, S.A.U., Hyosung Heavy Industries Corp., Ørsted A/S, Korea Midland Power Co., Ltd., Vestas Wind System A/S, and GLOBAL WIND ENERGY Co., Ltd., among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Deployment |
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| Breakup by Component |
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| Breakup by Application |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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