Renewable Energy Cluster::Saemangeum Development and Investment Agency

Renewable Energy Cluster - Power Generation Complex Construction

Renewable Energy Cluster: Power Generation Complex Construction; Attracting businesses and research institutes

A project to build Korea’s largest renewable energy power generation complex (3GW equivalent to 3 nuclear power plants) in the Saemangeum area.

1

Economic effects

- Employment: 97,474 persons
- Production: KRW 25.44 trillion
- Value-added: KRW 6.98 trillion
* Based on 4GW as calculated by Jeonbuk Institute using the BOK’s
Industry Relations Table
2

Replacement of fossil fuels

An annual production of 4,679 GWh of electricity that can meet the demand of 1.7 million households
3

GHG reduction

- (At 3GW) 6,877Wh of electricity generation (2.4 million households)
- (At 3GW) Reduction of 2.07 million tons of GHG (300 million pine trees)

Project contents(Description, Capacity(GW), Project schedule, Location)
Description		Capacity(GW)	Project schedule	Location
Onshore solar power (0.3GW)		0.2	Saemangeum Development Corporation	1
Onshore solar power (0.3GW)		0.1	Gunsan-si	1
Floating solar power (2.1GW)	Phase 1 (1.2GW)	0.5	Saemangeum Development and Investment Agency	2
		0.4	Jeonbuk, Gunsan, Gimje, Buan
		0.3	Korea Hydro & Nuclear Power
	Phase 2 (0.9GW)	0.9	Saemangeum Development and Investment Agency	3,4
Wind power		0.1	Private	5
Fuel cells		0.1	under review	6
Total		2.6

2018.10 Declaration ceremony for the Saemangeum Renewable Energy Vision
2019.04 The implementation plan for the public waters approved for offshore wind power
2019.04 The regional win-win plan finalized about the Saemangeum renewable energy project
2019.04 The pilot project (100MW) approved for onshore photovoltaic power generation
2019.07 Designated as a preferred negotiator for the pilot project for onshore photovoltaic power generation (100MW)
2019.07 The 2.1GW floating solar power plant project approved (Electricity Regulatory Commission, MOTIE)