Skyborn Korea is based in Seoul, and was established in 2018 with the aim of developing, building and operating wind power projects in South Korea and contributing to South Korea’s goal of achieving net zero emissions by 2050.
South Korea will cut its reliance on coal-fired power generation to 14.4% by 2036 from 41.9% in 2018, according to the Ministry of Trade, Industry and Energy. The share of renewables in total power production is set at 21.6% in 2030 and 30.6% in 2036.
The Green New Deal announced in 2020, renewable energy and eco-friendly business, would be supported with KRW 73.4 trillion (EUR 55.0 billion) of governmental support and private investments to create 659,000 jobs and build a renewable energy infrastructure and more environmentally conscious firms by 2025.
Moreover, South Korea has a competitive offshore wind power environment, and its strong capabilities in steel, shipbuilding, heavy industries and cables put the country in an excellent starting position. Offshore wind power industries could bring significant benefits to the national energy system as well as economic and social benefits.
