CURRENT AFFAIRS

Detailed explanation-1: -President Moon Jae-in-led, South Korea Government has approved a plan to build the world’s largest wind power plant in the country by 2030.

Detailed explanation-2: -China accounts for more than half of this. In 2021, it installed more offshore wind generation capacity than every other country in the world over the last five years. The global superpower hopes to generate a third of its electricity from renewables by 2025.

Detailed explanation-3: -China is forecast to have 1200 GW of combined wind and solar capacity by 2030 as part of the government’s pledge to increase the share of non-fossil fuels in primary energy consumption to around 25% by that year.

Detailed explanation-4: -Wind Energy in South Korea. Having installed 64 MW capacity of wind turbines in 2021, the accumulated capacity in Korea reached 1713 MW at the end of 2021. In 2017, the renewable energy target was raised to 20% of the electricity generation by 2030.

Detailed explanation-5: -South Korea has 124 offshore wind farm projects of which 8 currently operating, none where construction has progressed enough to connect the turbines and generate electricity, 1 are in the build phase, and 3 are either consented or have applied for consent.