South Korea to build world's largest floating wind farm
SEOUL, South Korea: South Korea will build the world's largest floating offshore wind farm, calling it one of the cornerstones in developing clean energy, according to President Moon Jae-in.
The cost of the program has been set at $32 billion.
The wind farm will be built in the waters off the southeastern industrial city of Ulsan. Plans call for it to generate 6 gigawatts of energy, enough to power 5.8 million homes.
The project, to be completed by 2030, is expected to create 210,000 jobs.
Moon described the Ulsan offshore wind farm as a "shortcut" to reaching Korea's green energy goals. The area for the wind farm has deep waters and an average wind speed of some 18 miles per hour, he said.
By using floating wind turbines to generate power, the turbines can be anchored in waters farther from shore where wind speeds are greater.
"Ulsan will leap forward from the industrial capital of the fossil fuel era to the industrial capital of the clean energy era," Moon said. "Ulsan's floating offshore wind farms will become oil fields on the sea and open the future of an energy powerhouse."
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