The local government of Jeju Island Korea announced its plan to construct a wind power plant that is suppose to generate 2,350 megawatts of power to meet the demands for electricity by 2013 and boost the share of renewable energy. This power plant is broken down between an onshore facility that will generate 350 megawatts and offshore plant for 2,000 megawatts.
The schedule of construction is 1,000 megawatts from the offshore plant by 2019 and another 1,000 megawatts by 2030. The local government entered a contract with KEPCO Engineering & Construction Co. in December 2010, and last September 2011 another contract was signed with Korean Southern Power Co. for the construction of offshore wind power plants.
An environmental assessment study has been completed by KOSPO, but there could be a holdup in the project since villagers are fighting it because of potential harm to fisheries.
The 350 megawatt offshore projects are already ongoing in several areas in the island.
The Jeju energy Corp. is investing $53.9 million or 60 billion Korean Won for the construction of power plants with a combined capacity of 2-3 megawatts upon their completion by 2015.