The project will cost an estimated US$365m.
Korea's Saemangeum Development and Investment Agency (SDIA) inked a deal with Saemangeum Offshore Wind Power, Jeonbuk Province, Gunsan City, Korea Rural Community Corporation, Kunsan National University, and Jeonbuk Techno Park to develop a 96.8MW offshore wind project.
It will be built at tidal flat Saemangeum. The project will cost around KRW 440b (US$365m) and will erect 28 wind turbines near the Saemangeum seawall.
SDIA said that 24 3.5MW turbines are to be installed, while four others will have capacities of 3-3.2MW.
The project will be started in April and is expected to be completed in 2H2018. It is predicted to supply power to 62,000 households.
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