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Korean Ministry Thinks $10 Trillion Asset Manager Can t Afford Wind Farms

South Korea's energy regulator has determined that a subsidiary of BlackRock - the world's largest asset manager - has not demonstrated financ.

Govt disapproves BlackRock s offshore wind plant project

The South Korean government has disapproved global investment firm BlackRock's proposal to construct an extensive offshore wind power plant in South Jeolla Province due to insufficient evidence of financial ability and lack of electricity infrastructure in the area. According to energy industry sources on Tuesday, the Ministry of Trade, Industry and Energy's electricity committee recently dismissed all five.

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