On February 5th of this year, he attended a ceremony in the southwestern coastal town of Sinan in which he signed contracts to have the world’s largest offshore wind farm built by 2030. The 48.5 trillion won ($43.2 billion) project will have an electricity generation capacity of 8.2 GW.
Among the other people to attend were representatives of several of the construction, utility, and engineering companies involved in the project, such as Hanwha Engineering & Construction Corp, Korea Electric Power Corp. (KEPCO), CS Wind Corp, SK E&S, Doosan Heavy Industries & Construction Co., and Samkang M&T Co. These and any other companies involved will provide around 98% of the financing, with the government providing the rest.