April 5, 2021

...AND CHEAPER...:

World's Biggest Wind Farm May Be Answer to Korea's Net-Zero Dream (Heesu Lee & Will Mathis, Mar. 31st, 2021, Bloomberg)

The fishing grounds where Jung Kuenbae and his forbears have caught shrimp, butterfish and croakers for three generations are going to be turned into the world's largest offshore wind farm. He's OK with that.

"I initially opposed the idea when the plan was proposed because it will destroy our livelihood," said Jung, who leads a group of local fishermen in some 200 ships that drop nets in the waters off the southwestern tip of the Korean peninsula. "But I realized the project is part of the country's transition to cleaner energy, which is something we have to come to terms with, rather than fighting against it."

The 48.5 trillion won ($42.8 billion) wind farm, to be built over the next decade off the southwest coast of the country, would generate up to 8.2 gigawatts of power, one of a catalog of grand projects the government wants to roll out with private sector backing to meet its ambition of becoming carbon neutral by 2050.

Posted by at April 5, 2021 12:00 AM

  

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