Seven Korean public institutions and businesses, including the Gyeonggi provincial government, Korea Rural Community Corp. and Korea Midland Power Corp., are teaming up in a renewable energy development project. Combined, they will invest a total of USD 536.4 million over the coming three years to build a 200MW wind power plant and a 20MW solar power plant along the west coast of Gyeonggi province. The owner of the site, Korea Rural Community Corp., will lease the location. When complete, the power complex will produce enough electricity for 300,000 to 400,000 people. It will also reduce carbon dioxide emissions by 167,000 tons per year.
