11/12/2011

South Korea Investing $9 Billion on Green Energy

Korea is investing $9 billion on offshore Wind Power Generation project which becomes 10.2 trillion Korean Won. This project aims to generate 2GW energy by 2020 meeting average energy demand of almost 10 percent of total Korean population.
Korea doesn't have favourable conditions for development of wind farms because of its small geographical size.
Also it was a great decision to built offshore wind farm. Experts and analysts predict, it can become great growth strategy for Korea in global market. 

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