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Spain invests in South Korea's renewable energy project

 Last Update: 2021-08-06
 Source: Internet
 Author: User

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Recently, two local energy giants in Spain pledged to invest US$200 million in South Korea for the construction of large-scale solar and offshore wind power projects
.

The Ministry of Trade, Industry and Energy said that Spanish renewable energy giant Ocean Winds will invest 100 million U.
S.
dollars for the initial investment in the 1.
2 gigawatt offshore wind farm planned by the city of Incheon
.
The project is scheduled to start in 2025 and be completed and put into production in 2028

At the same time, South Korean energy giant GS Energy and Iberdrola, the world's second largest renewable energy company and Spain's largest electric power company, reached a basic agreement to jointly invest in the renewable energy business
.
In the future, the two companies will jointly explore and invest in solar and offshore wind power projects throughout Asia, including South Korea

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