World's largest offshore wind farm to come up in South Korea

  • The Government of South Korea has rolled out a plan to build the world's largest offshore wind power plant by 2030. 
  • It is estimated to cost $43.2 billion (₹3.15 lakh crores). 
  • It is a part of South Korea’s efforts to achieve an environmentally-friendly economic recovery from the COVID-19 pandemic. 
  • The South Korean plant will have a maximum capacity of 8.2 gigawatts.
  • At present, the world's largest offshore wind farm is Hornsea 1 in Britain.

GREEN NEW DEAL

  • The project is a major component of President Moon Jae-in's Green New Deal. 
  • The Green New Deal was initiated last year to curb reliance on fossil fuels in South Korea. 
  • The Green New Deal plans to make it carbon neutral by 2050.

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