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Home > S Korea Unveils $43 Billion Plan For World's Largest Offshore Wind Farm

S Korea Unveils $43 Billion Plan For World's Largest Offshore Wind Farm [1]

"SEOUL - South Korea unveiled a 48.5 trillion won ($43.2 billion) plan to build the world’s largest wind power plant by 2030 as part of efforts to foster an environmentally-friendly recovery from the COVID-19 pandemic.

The project is a major component of President Moon Jae-in’s Green New Deal, initiated last year to curb reliance on fossil fuels in Asia’s fourth-largest economy and make it carbon neutral by 2050.

Moon attended a signing ceremony in the southwestern coastal town of Sinan for the plant, which will have a maximum capacity of 8.2 gigawatts."

Hyonhee Shin reports for Reuters February 5, 2021. [2]

Climate Change [3]
Energy & Fuel [4]
Asia [5]
Public [6]
Source: Reuters [2], 02/05/2021
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Source URL:https://www.sej.org/headlines/s-korea-unveils-43-billion-plan-worlds-largest-offshore-wind-farm

Links
[1] https://www.sej.org/headlines/s-korea-unveils-43-billion-plan-worlds-largest-offshore-wind-farm [2] https://www.reuters.com/article/us-southkorea-energy-windfarm/south-korea-unveils-43-billion-plan-for-worlds-largest-offshore-wind-farm-idUSKBN2A512D [3] https://www.sej.org/category/topics-beat/climate-change [4] https://www.sej.org/category/topics-beat/energy [5] https://www.sej.org/category/region/international/asia [6] https://www.sej.org/taxonomy/term/81