The Korean government has disapproved an offshore wind project pushed by a sub-subsidiary of global investment firm BlackRock, citing a lack of data to prove its financial ability and power system issues in the region, officials said Tuesday.
The Korean government has disapproved an offshore wind project pushed by a sub-subsidiary of global investment firm BlackRock, citing a lack of data to prove its financial ability and power system issues in the region, officials said Tuesday.
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.