South Koreans sign 2.4 GW offshore wind agreement

South Korea’s Doosan Heavy Industries & Construction has signed an agreement with the government of North Jeolla Province to cooperate on the construction of a 2.4 GW offshore wind project.

The project will be developed off the southwestern coast between Gochang County and Buan County, with expected completion by 2028.

Under the agreement, the North Jeolla government will provide administrative support.

South Korea set the goal of reaching 12 GW of offshore wind by 2030 in its Renewable Energy 3020 Implementation Plan announced in 2018.

This July, President Moon Jae-in pledged to expand the country’s offshore wind power capacity from the current 124 MW to the set target.