South Korea reveals plans for 6 GW offshore wind farm

The project would require a whopping $32.8b investments to complete.

The government of South Korea has revealed its plans to build a 6 GW offshore wind farm off the coast of Ulsan by 2030.

The project would require KR₩36t ($32.8bn) and would create 210,000 jobs in the region, President Moon Jae-in said.

The power plant is expected to produce 84,000 tonnes a year of clean hydrogen, enough to power 5.76 million homes in South Korea. It will also offset 9.3 tonnes of carbon emissions a year.

Earlier, the Korea National Oil Corporation completed a preliminary feasibility study for the 200 MW Donghae-1 floating offshore wind project located off the south-eastern port of Ulsan in South Korea. Construction is expected to start in 2022 and the project could be commissioned in 2026.