The three-phase plan calls for the construction of the Buan and Yeonggwang coasts by 2013 to test 20 5-megawatt turbines. A 180 5-megawatt turbines will be installed by 2016 for the second phase, and an additional 300 5-megawatt turbines by 2019 at the proposed facility.
The total offshore wind development is planned to reach a full capacity of 2,500MW, but has been reduced from an earlier blueprint where the government had hoped to build 1,000 wind turbines by the end of the third phase.
Korea’s head of energy and climate policy, said that the plan is to make South Korea the world's third-largest country in terms of offshore wind power generation.
The most expensive part of the project will be the foundational structure and underwater grids that serve the project, so additional turbines added to this structure are unlikely to entail great additional costs.
While the project's turbines are to come from various South Korean manufacturers, the level of South Korea's offshore wind farm technology is 68 percent compared to that of industry leaders.
Imported energy to cover 97 per cent of its energy requirements. The region is due to introduce Renewable Portfolio Standards in 2012. With 20 nuclear plants already in operation, the country also plans to construct 11 nuclear plants in the next 20 years.
Electric power companies generating more than 500 megawatts of electricity per hour must diversify their portfolio of energy sources beginning in 2012 and by 2022 increase the supply of electricity generated from renewable energy sources to 10 percent.
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