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South Korea has a $43 billion plan to build the world’s largest offshore wind farm

The 8.2 GW plant would be the equivalent of eight nuclear reactors

Energy Conservation Day: 10 innovative start-ups that are making a difference Representational Image | Pixabay

In a bid to boost its production of sustainable energy, South Korea has announced a new component to its Green New Deal: A plan to set up the world’s largest offshore wind farm by 2030 at a cost of $43.2 billion.

Since this is a major component of President Moon Jae-in’s vision of a Korean Green New Deal that would both create jobs and make the country carbon neutral by 2050, he attended a signing ceremony in Sinan for the plant, which will have a maximum capacity of 8.2 GW.

“With this project, we are accelerating the eco-friendly energy transition and moving more vigorously toward carbon neutrality,” Moon said at the event. Around 120,000 jobs are expected to be created by the project.

Moon pledged his full support for the project, which would turn the country into one of the world’s top five powerhouses in the field.

The power capacity of 8.2 GW is equivalent to that of eight nuclear reactors, which would have the effect of cutting around 10 million tons of carbon dioxide emissions per year, according to Cheong Wa Dae, quoted by Yonhap News Agency.

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