South Korea has officially launched a tender for offshore wind projects with a combined capacity of 1.5 GW. This initiative is part of the country’s broader strategy to boost renewable energy generation and reduce reliance on fossil fuels.
The tender aims to attract both domestic and international developers to participate in the construction of these offshore wind farms. By fostering competition, the government hopes to drive down costs and accelerate the transition to clean energy sources.
This new project aligns with South Korea’s commitment to achieving its renewable energy targets, which include increasing the share of renewable energy in the national power mix significantly by 2030. The development of offshore wind farms is seen as a crucial component in reaching these ambitious goals.
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As the country invests in expanding its offshore wind capacity, it is also expected to create numerous jobs and stimulate economic growth in related sectors. This tender marks a significant step toward a more sustainable energy future for South Korea.