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| Fri, 5th Feb 2021 11:59:00 |
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South Korea Launches EUR 36 Billion Offshore Wind Project |
South Korea’s President Moon Jae-in oversaw the signing of the agreement to build the offshore wind complex in the country’s southwest.
The agreement is said to involve 33 public and private entities, including regional governments, utilities such as Korea Electric Power Corp (KEPCO), original equipment manufacturers such as Doosan Heavy Industries & Construction, and engineering and manufacturing companies such as SK E&S, Hanwha Engineering & Construction Corp, CS Wind Corp, and Samkang M&T Co.
The Sinan offshore wind project is expected to be completed in phases by 2030 and help create around 120,000 jobs.
To support the development of the project, large-scale offshore wind manufacturing complexes will be built in the counties of Yeongam and Sinan, President Moon said.
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