South Korea will spend $43b on world's largest floating offshore wind farm
. South Korea on Thursday (May 6) announced an ambitious plan to build what it calls the world’s largest floating offshore wind farm, a key project needed to achieve its goal of zero greenhouse gas emissions by 2050. A total of 36 trillion won (S$43 billion) from both the government and the private sector will be spent on the project to create a massive offshore wind farm complex off the country’s southeastern industrial hub of Ulsan City by 2030, President Moon Jae-in said. The facilities will be built on the country’s first commercially viable offshore natural gas field that is expe...