South Korea will get its largest offshore wind farm off the coast of Ulsan, if the Ulsan Metropolitan City approves a proposal submitted this month by SK Engineering & Construction Co. and Kepco Engineering & Construction Co., according to Bloomberg.
The construction is scheduled to start in 2015, subject to approval, and the offshore wind farm would be operational two years later.
The 196 MW proposed offshore wind project will comprise 28 wind turbines with a capacity of 7 MW, which will generate enough electricity to supply 100,000 households.
The project is worth USD 726 million (800 million won).
A research report published last year by Kuick Research has pointed out that South Korea holds one of the world’s largest wind resources with wind speeds in the higher limit. The country has potential wind reserves of more than 340 TWh of which close to 100 TWh is onshore and an enormous amount of 243 TWh is offshore.
Offshore WIND Staff, March 14, 2013; Image: Alpha Ventus