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President Moon Jae-in attended an unveiling ceremony for plans for a $43 billion, 8.2GW offshore wind project by Craig Richard the 8.2GW is expected to create 120,000 jobs and was announced in a high-profile event attended by the country's president Sign in to continue Breaking industry news and email bulletins Analysis of the lastest trends to help you make informed decisions Searchable content archive dating back to 1994

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

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....

GE wins order for 1GW power equipment in Korea TONGYEONG, South Korea, January 14, 2021 GE has secured an order expected to deliver more than one gigawatt (GW) of power generation equipment for Tongyeong combined cycle power plant in South Korea. For the project, GE will supply two of its industry-leading 7HA.02 gas turbines, one STF-D600 steam turbine, two Heat Recovery Steam Generators (HRSG) and three H65 generators. In addition to the equipment, GE signed an 18-year services agreement to provide maintenance services for the 7HA.02 gas turbines and generators. The new plant, to be locat...

Lakeshore East’s developer is chopping the height and eliminating one of two hotels from a skyscraper planned for near Millennium Park, after nearly a year of devastation to the travel industry caused by the COVID-19 pandemic.