The initiative, which was announced by President Moon Jae-In of South Korea, involves the construction of a wind farm off Sinan on the southwest coast of the country.

The wind farm is projected to increase the wind power capacity of the country to 16.5 gW by 2030. To support the project, companies such as Kepco, SK E&S, Hanwha E&C, Doosan Heavy Industries, CS Wind, and Samgang M&T were selected.

President Moon said the project will speed up the country's eco-friendly energy change efforts and help it move toward carbon neutrality more vigorously. Last year, South Korea's Green New Deal strategy was introduced to reduce dependence on fossil fuels with a carbon neutral goal by 2050.

The largest offshore wind farm in the world to date is the Hornsea wind farm, built off Britain by the Danish energy company Ørsted.

Phase one of the wind farm has a capacity of 1.2 gw and a total capacity of up to 6 gw is expected.

Maritime Business World