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South Korean President Moon Jae-in announced on Tuesday that the country plans to build 4 GW of solar and offshore wind facilities
in the Saemangeum region.
Moon said the future large-scale complex will be located on land in the mountains of North Jeolla Province and will receive a cumulative investment of 10 trillion won ($8.
8 billion) for the project
.
South Korean media said the plan involves adding 1 GW of offshore wind power and 3 GW of solar power capacity
.
The sprawling complex is scheduled to start production
in 2022.
In addition to energy power plants, the project will add relevant manufacturers and research institutes
.
As part of an energy plan launched last December, South Korea aims to increase the share of renewables in its total electricity mix to 20% by 2030 to reduce its reliance
on coal and nuclear power.
South Korean President Moon Jae-in announced on Tuesday that the country plans to build 4 GW of solar and offshore wind facilities
in the Saemangeum region.
Moon said the future large-scale complex will be located on land in the mountains of North Jeolla Province and will receive a cumulative investment of 10 trillion won ($8.
8 billion) for the project
.
South Korean media said the plan involves adding 1 GW of offshore wind power and 3 GW of solar power capacity
.
The sprawling complex is scheduled to start production
in 2022.
In addition to energy power plants, the project will add relevant manufacturers and research institutes
.
As part of an energy plan launched last December, South Korea aims to increase the share of renewables in its total electricity mix to 20% by 2030 to reduce its reliance
on coal and nuclear power.
