The Korean government has announced plans for the construction of a 3 GW solar photovoltaic (PV) plant and a 1 GW offshore wind farm on the west coast.
The North Jeolla Provincial Government and the Saemangeum Development and Investment Agency said in October that reclaimed mud flats at Saemangeum would host the PV farm, while the offshore wind farm would be installed off the coast of Gunsan.
The project will attract around ten trillion won in private capital and is due to be completed in 2022, local media reported.
South Korea is starting to develop is offshore wind energy potential, and commissioned its first project in 2017. The government announced last year aggressive plans to expand renewable energy capacity and phase out nuclear and coal-fired capacity.
South Korea aims to triple the share of renewables in the country’s power mix by 2030 which translates to adding about 47 GW of new wind and solar capacity, according to the government’s latest draft policy roadmap.