SK & World's Largest Offshore Wind Farm
South Korea Investing $43.2 Billion in Offshore Wind Farm
South Korea's Green Eco-Environmental Recovery
South Korea is investing $43.2 billion to build the world's largest offshore wind farm by 2030. This is a big part of the South Korean government's effort to rebuild its economy from the COVID-19 pandemic through building environmentally friendly big projects. The green economic recovery effort is SK President Moon Jae-in's Green New Deal.
The size and scope of this offshore wind project is a global first. It will have a capacity of 8.2 gigawatts. Through this major offshore wind project, the South Korean government says that it is accelerating its eco-friendly energy transition and moving toward carbon neutrality by 2050. South Korea is a major, global innovation hub and it is Asia's #4 largest economy.
Big Power Source
The offshore wind farm will boost the nation's wind power capacity to 16.5 GW in 2030 from the current 1.67 GW. In the UK, the Hornsea 1 offshore wind farm has held the world record for the biggest offshore wind farm. That is about to change.