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South Korea unveils 8.2 GW wind farm plans

4C Offshore | Tom Russell
By: Tom Russell 05/02/2021 The Office of the President of South Korea
South Korea's President Moon Jae-in has announced plans to establish the world's largest offshore wind farm in an effort to move the country toward carbon neutrality by 2050 as part of the President's ' Green New Deal'.

A 48 trillion won investment agreement was signed by Pesident Moon Jae-in in Sinan-gun, Jeollanam-do with the aim of establishing an offshore wind farm with a capacity of 8.3 GW.

Companies such as KEPCO, SK E&S, and Hanwha E&C, Doosan Heavy Industries, CS Wind, and Samgang M&T have been selected to support project plans. Work is anticipated to create around 120,000 jobs by 2030.  

President Moon Jae-in commented: "We are very pleased to deliver the good news to the people who are exhausted from corona. The 8.2GW of electricity produced here is equivalent to the power generation of six new Korean nuclear power plants, and all households in Seoul and Incheon "A huge amount that can be done."
 

As a currently coal reliant nation, South Korea is aiming for carbon neutrality by 2050 under its 'Green Deal', which was introduced in July 2020. This means targeting 60 GW of renewables, including 12 GW of offshore wind, by 2030. Currently, South Korea has 98 MW installed. Appetite is high for both fixed and floating installations although South Korea will need to overcome a number of obstacles such as infrastructure upgrades and conflicts with the fishing industry  in order to meet its targets.


For more information on offshore wind farms worldwide, click here.

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