The government of South Korea plans to construct an offshore wind farm off Korea’s west coast by 2019. The goal of the project is to help the country’s wind turbine exporters while developing new sources of renewable energy. Scheduled to be built near the southwestern regions of Buan and Yeonggwang, the farm will generate 2.5 GW of electricity. Companies like Hyundai Heavy Industries, Daewoo Shipbuilding and Marine Engineering intend to build 500 turbines under the USD 8.2 billion project. The government will oversee the project in addition to providing USD 26 million while the rest of the money will come from private investors. Global offshore wind farm projects currently generate 154GW of power and occupy less land space, cause minimal environmental damage and garner few complaints.
