Green Thoughts Blog Archive

South Korea investing $8.2 billion for offshore wind farms

11/16/2010


The South Korean government announced today that they will be investing $8.2 billion to build offshore wind farms. The joint effort between the government and private sector firms calls for 500 offshore wind turbines, off the west coast, that can generate 2500 megawatts of electricity. The current schedule is:
  • 2013 - 100 megawatt test farm
  • 2016 - 900 megawatt farm
  • By 2019 - 1500 megawatts
The government is hoping that this investment will help stimulate business for wind turbine exporters in South Korea so that they can compete in the global marketplace.