, Korea
1 view

South Korea to build world's largest wind power plant

It will control the country’s reliance on fossil fuels.

South Korea has revealed a ₩48.5b (US$43.2b) plan to establish the largest wind power plant worldwide in 2030, according to a report by Reuters.

The wind power plant will have a maximum capacity of 8.2 GW. This will equate to energy produced by six nuclear reactors or the effect of planting 71 million pine trees.

The wind power plant will also create up to 5,600 jobs and increase the country’s wind power capacity to 16.5 GW by 2030. Currently, South Korea’s wind power capacity is at 1.67 GW.

An integral part of President Moon Jae-In’s Green New Deal, the project was commenced last year and would curb the country’s dependence on fossil fuels as well as make it carbon neutral by 2050.

Moon attended a signing ceremony for the plant at Sinan. Utility and engineering firms such as Korea Electric Power Corp, SK E&S, Hanwha Engineering & Construction Corp, Doosan Heavy Industries & Construction Co., CS Wind Corp, and Samkang M&T Co were also present.

The companies would provide ₩47.6t (US$43.1b) of the funding necessary, whilst the government would cover the remaining ₩0.9t (US$0.1b).

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Get Asian Power in your inbox

Danish energy company Ørsted launches expansion in Vietnam

This comes on the back of Vietnam increasing renewable energy to 30% by 2030

South Korea launches its largest 2 GW solar capacity tender

The country is expected to allocate 4 GW of solar capacity in 2021 across two tenders.

ACWA to build largest wind power plant in Central Asia

The company will construct the 1500 MW wind power project in Uzbekistan.

India’s Tata Power contemplating $473m IPO for renewable energy business

It initially planned to seek a partner to invest in its green assets.

China’s solar capacity installation crashes by 82% QoQ in Q1 2021

But increased by 35% YoY compared to Q1 2020.

India’s JSPL sells coal-fired power business for $400m to Worldone

This move aims to reduce the company’s debt and carbon footprint by almost half.

Japan authorizes operations of three ageing nuclear reactors

This is the first time reactors older than 40 years are approved to restart.

India’s NTPC launches tender for 600MW of wind and solar projects

Developers can compete for at least 50 MW to 600 MW in 10 MW multiples.

Here’s why the last dirty fuel project in Japan was scrapped 

The country recently pledged to cut down greenhouse gas emissions by 46% before 2030.

Singapore's Sunseap eyes expansion in Japan after latest Series E funding

The company earned an undisclosed amount from several new Japanese investors.