South Korea Unveils $43 Billion Plan for World’s Largest Offshore Wind Farm

South Korea Unveils $43 Billion Plan for World’s Largest Offshore Wind Farm
The Walney Extension offshore wind farm operated by Orsted off the coast of Blackpool, UK, on Sept. 5, 2018. Phil Noble/File Photo/Reuters
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SEOUL—South Korea unveiled a 48.5 trillion won ($43.2 billion) plan to build the world’s largest wind power plant by 2030 as part of efforts to foster an environmentally-friendly recovery from the COVID-19 pandemic.

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.