INTIEAKorea · Wind Power Fixed-Price Competitive Bidding ProcessPolicyIn force

Wind Power Fixed-Price Competitive Bidding Process

Beginning in 2022, the Ministry of Trade, Industry, and Energy (through the New and Renewable Energy Center at the Korean Energy Agency) has conducted annual competitive bidding processes for new wind projects. The intent behind the policy is to lower project costs by moving…

Last changed 1 year ago.

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Lifecycle

EffectiveJan 01, 2022
Last changeJun 24, 2025

Country / jurisdiction: Korea · Year: 2022 · Status: In force · Level: National · Type: Voluntary

Beginning in 2022, the Ministry of Trade, Industry, and Energy (through the New and Renewable Energy Center at the Korean Energy Agency) has conducted annual competitive bidding processes for new wind projects. The intent behind the policy is to lower project costs by moving away from individual project contracts to a comprehensive competitive bidding process for meeting overall wind power generation capacity targets.

Applications are evaluated and awarded scores (out of a maximum score of 100) that are further broken down into various subcategories. The breakdown is as follows:

60/100 for bidding costs

8/100 for local community buy-in

16/100 for domestic supply chain benefits

4/100 for existing domestic project history

8/100 for grid capacity

4/100 for regulatory paperwork (including environmental impacts reports)

Official source: https://www.motie.go.kr/kor/article/ATCL3f49a5a8c/165990/view

Source

https://www.iea.org/policies/19369

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