South Korea is planning the construction of a 4 GW solar and wind energy complex on the Saemangeum reclaimed land area in Gunsan. The hybrid complex will be located along the west coast of South Korea’s Jeollabuk-do Province.The project is expected to have an investment of KRW (South Korean won) 10 trillion (~$8.9 billion).
3 GW solar power farm on land out of the slated 4 GW capacity will be built by the central and provincial governments. The remaining 1 GW will be developed in the form of an offshore wind farm near Gunsan.
2.4 GW of solar power and 0.6 GW of offshore wind power will be built by the central government and the North Jeolla province. The project deadline has been fixed to be 2022.
The government has also decided to accelerate the construction of power transmission and substations. The regulatory framework is being worked upon to align it with local acceptability and progress of internal development of Saemangeum.
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