South Korean President Moon Jae-in has announced plans to build the world’s largest wind farm with an unprecedented 8,200 MW capacity using powerful wind turbines.
Moon attended a signing ceremony in the southwestern coastal city of Sinan, where the project is expected to be based.
According to Reuters, he unveiled the 48.5 trillion won (36.05 billion euros) plan to build the project by 2030 as part of efforts to promote an ecological recovery from the COVID-19 pandemic.
The project forms an important component of President Moon Jae-in’s Green New Deal, introduced last year to curb dependence on fossil fuels in Asia’s fourth-largest economy and make it carbon neutral by 2050.
Moon said: “With this project, we are accelerating the green energy transition and moving more vigorously towards carbon neutrality.”
Korea Electric Power Corp, SK E&S, Hanwha Engineering & Construction Corp, Doosan Heavy Industries & Construction, CS Wind Corp and Samkang M&T will provide 47.6 trillion won of the needed funds and the government the remaining 0.9 trillion, the office said. by Moon, Blue House. agency.
He said the project would provide up to 5,600 jobs and help achieve the goal of increasing the country’s wind power capacity to 16.5 GW by 2030 from the current 1.6 GW.
Currently the largest offshore wind farm in the world is Hornsea 1 in the UK, which has a capacity of 1.12 GW.