South Korea unveils $43 billion plan for world's largest offshore wind farm

• Hyonhee Shin, Yahoo Finance • Energy Solutions

South Korea unveils $43 billion plan for world's largest offshore wind farm
Brady Bellini on Unsplash

The project is a major component of President Moon Jae-in's Green New Deal, initiated last year to curb reliance on fossil fuels in Asia's fourth-largest economy and make it carbon neutral by 2050.

Moon attended a signing ceremony in the southwestern coastal town of Sinan for the plant, which will have a maximum capacity of 8.2 gigawatts.

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