South KoreaDon't know what's happening there. Excellent returns expected.
Northland was in 2018 reported to have signed a memorandum of understanding with South Korean utility giant Kepco, but that is not mentioned in Northland’s statement. South Korea expects to deploy a combination of fixed-foundation and floating offshore projects to meet its objectives, a government advisor told Recharge last year.
The country’s generous support mechanism based around renewable energy certificates (RECs) could see developers earning the equivalent of $300/MWh, way above the levels seen in Europe or nearby Taiwan, the official added.