How Nine Special Bills from South Korea’s 22nd National Assembly Could Transform Offshore Wind in 2024
South Korea’s offshore wind industry is in for some big changes. Nine* new ‘special bills’ were introduced between June and September 2024. These are the first major efforts by the 22nd National Assembly, and they're set to change the way offshore wind projects are planned, approved, and executed.
*Nine Special bils in total. Four special bills offshore wind and 5 special bills related to expansion of the domestic power grid.
At ER-Marine, we’ve been closely following these developments, because we know they’ll impact anyone in the offshore wind space. Whether you’re involved in project planning, supply chain management, or investment, it’s crucial to understand what’s happening and what it means for your business. So, let’s break it down.
Key Considerations for Offshore Wind Businesses
Are You Ready for Site Planning Shifts?
With the government taking more control over site designation, do you have a plan in place? This could affect your project timelines and investment strategies.What About Local Community Engagement?
These bills are pushing for more engagement with local communities. This might be challenging, but it could also open up new opportunities. Is your business ready to navigate these conversations?Will Streamlined Approvals Speed Things Up?
One of the promises is cutting through red tape. But will it really make a difference? We’ve looked into the new consolidated approval processes and what they mean for your deadlines.
Get the Full Picture—Download Our Free Report
We’ve gone through the legislative details so you don’t have to. Our free report breaks down these three special bills and explains what they mean for your business. Whether you’re a developer, part of the supply chain, or an investor, this report will help you stay on top of these changes.
Download the Free Report Now
No catch. Download it for free and get the insights you need to make sure your business is prepared. With four years of experience in South Korea’s offshore wind sector, ER-Marine is here to help you navigate the latest regulations and take advantage of what’s coming next.
