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South Korea unveils $43 billion plan for world s largest offshore wind farm

South Korea unveiled a 48.5 trillion won 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. . | February 11, 2021

South Korea Unveils $43 Billion Plan to Build the World s Largest Offshore Wind Farm – gCaptain

By Hyonhee Shin SEOUL, Feb 5 (Reuters) – 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. “With this project, we are accelerating the eco-friendly energy transition and moving more vigorously toward carbon neutrality,” Moon said at the event.

North America Heavy Construction Equipment Market 2021: Industry Size, Trends, Growth Analysis, Opportunity Assessment, Top Key Players, Segmentation and Forecast Research

North America Heavy Construction Equipment Market 2021: Industry Size, Trends, Growth Analysis, Opportunity Assessment, Top Key Players, Segmentation and Forecast Research
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