This project to build an 8.2 GW offshore facility is a major component of President Moon Jae-in’s Green New Deal. Announced last year, its purpose is to reduce the fourth-largest economy in Asia’s dependence on fossil fuels and make it carbon neutral by 2050. Analysts including the research group Rystad Energy have reviewed the initiative. 

Should this 43-billion-dollar project prove successful, it will become the world’s largest offshore wind facility. It could help increase the country’s wind power capacity to 16.5 GW by 2030. Project sources have said that the wind farm will generate energy equivalent to the output of six nuclear reactors.

17/05/2021

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