The new criteria will apply from the tender for the 1.5-2 gigawatts (GW) offshore wind power project due in October.“Our offshore wind power projects are large in scale, but domestic technological prowess in key equipment has not yet reached that of leading countries, so much of it needs to be done with overseas companies,” said a MOTIE official.“Through this measure, we may able to restrict the entry of foreign companies or products that could threaten our national security,” he noted.
Despite offering lower prices relative to other bidders, if they use major components and equipment imported from foreign countries, they could be eliminated from the competition, according to the MOTIE.50 TRILLION WON PROJECTSIn the announcement of the revised roadmap held at the Korea Chamber of Commerce and Industry, the MOTIE said the government will launch 7-8 gigawatt (GW) offshore wind power tenders over the next two years.
South Korea will prioritize non-price factors such as economic security and contributions to the domestic supply chain over bid prices when selecting operators and suppliers of offshore wind power projects, the Ministry of Trade, Industry and Energy (MOTIE) said on Thursday.
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