South Korea has signed a $43 billion deal to build the world’s largest offshore wind farm. In this way, the government aims to ensure carbon neutrality by 2050.
South Korea to build world’s largest offshore wind farm
South Korea, which does not have enough energy resources, provides about 40 percent of the country’s electricity using imported coal, which is cheap but dirty energy.President Moon Jae In, who announced last year that he was funding carbon neutrality, is also making efforts to phase out his country’s nuclear power. Thanks to this new farm, South Korea is only planned to use renewable energy sources.
The wind farm in Shinan, a county in South Korea’s Jeollanam-do province, will be seven times larger than the Walney Extension, the current world’s largest offshore wind farm. This wind farm is located in the northwest of England with the Irish Sea. Its installed power is 659 megawatts. This is the largest offshore wind farm, previously the largest being the London Array station with 630 megawatts.
South Korea expects the maximum capacity to be 8.2 gigawatts, the equivalent of six nuclear plants. In contrast, the South Korean President noted that the country’s position on the Korean Peninsula gives it a geographical advantage. He concluded his statement by saying that we have unlimited offshore wind potential on three sides and the best technology in the world in related fields.
The project covers 33 different organisations, including regional governments, energy producer KEPCO, Doosan Heavy Industries & Construction and SK E&S, and large private firms.
Last year, Seoul announced its goal of becoming one of the world’s five largest offshore wind farms by 2030. South Korea also plans to reduce the number of existing nuclear power plants, currently the country’s only major source of low-carbon power, from 24 to 17 by 2034 and reduce the industry’s electricity production by almost half.