S. Korea to Invest $8.2 Billion in Offshore Wind Power
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South Korea, Asia’s fourth-biggest crude oil importer, plans to invest 9.2 trillion won ($8.2 billion) in offshore wind power farms by 2019 to meet growing demand for clean energy.
The government and private companies will install 500 wind turbines off the country’s west coast with a total capacity of 2,500 megawatts, the Ministry of Knowledge Economy said in an e-mailed statement today.