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The
project is a major component of President Moon Jae-in's Green
New Deal, initiated last year to curb reliance on fossil fuels
in Asia's fourth-largest economy and make it carbon neutral by
2050. [S6N29P01A]
Moon attended a signing ceremony in the southwestern coastal
town of Sinan for the plant, which will have a maximum capacity
of 8.2 gigawatts.
"With this project, we are accelerating the eco-friendly energy
transition and moving more vigorously toward carbon neutrality,"
Moon said at the event.
Utility and engineering companies also attended, including Korea
Electric Power Corp, SK E&S, Hanwha Engineering & Construction
Corp, Doosan Heavy Industries & Construction Co., CS Wind Corp
and Samkang M&T Co.
The companies will provide 47.6 trillion of the required funding
and the government the remaining 0.9 trillion, Moon's office
Blue House said.
It said the project would provide up to 5,600 jobs and help
achieve a goal to boost the country's wind power capacity to
16.5 GW by 2030 from 1.67 GW now.
The envisaged 8.2 GW amounts to the energy produced by six
nuclear reactors, or the effects of planting 71 million pine
trees, officials said.
To date, the world's largest offshore wind farm is Hornsea 1 in
Britain, which has 1.12 GW capacity.
($1 = 1,123.4000 won)
(Reporting by Hyonhee Shin; editing by Barbara Lewis)
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