President Moon Jae-in yesterday announced plans for a 3 GW project. South Korea plans to add 30 GW of PV by 2030, to improve the country’s hitherto poor renewable energy performance.
Giving a speech at an economic summit in Saemangeum, South Korean President Moon Jae-in announced a watershed moment for the nation’s renewable energy policy.
Mr. Moon said he wants to turn the 409km2 of reclaimed land at Saemangeum into the country’s renewable energy hub. To that end, the government plans to funnel 10 trillion Korean won ($8.8 billion) into the development of a “mega-scale” solar and wind complex with a 4 GW generation capacity. The plan includes a 3 GW solar park, which would be the world’s largest. President Moon said the solar PV site should be commissioned by 2022.
“One of the world’s biggest solar energy and offshore wind energy generation facilities will be built in the Saemangeum area,” said President Moon, visiting the region for the second time since his inauguration. “The renewable energy production in this area will be a turning point for Korea’s renewable energy business that will foster the nation’s competitiveness in the field.”
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