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Indian Economy - Understanding the basics of Indian economic system

08-Feb-21

South Korea to Build World’s Largest Offshore Wind Farm

President Moon Jae-in-led South Korea Government has approved a plan to build the world’s largest wind power plant in the country by 2030.
The project will help to foster an environmentally-friendly recovery from the COVID-19 pandemic and fasten the step to achieve the target of becoming carbon neutral by 2050.
The estimated cost of the project is 48.5 trillion won ($43.2 billion).
The Wind power Plant will be located in the southwestern coastal town of Sinan.
It will have a maximum capacity of 8.2 gigawatts.
Currently, the world’s largest offshore wind farm is Hornsea 1 in Britain, which has 1.12 GW capacity.

By: Rohit Middha

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