MingYang eyes offshore wind ‘production hub’ in South Korea
MingYang eyes offshore wind ‘production hub’ in South Korea | Windpower Monthly
MingYang eyes offshore wind ‘production hub’ in South Korea
MingYang Smart Energy has entered South Korea with a KRW 400 billion ($298 million) agreement with domestic turbine maker Unison that will see it invest in manufacturing facilities and wind farms.
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Related Knowledge Center: ENERGY BASICS: wind
Decades of government support for the development of wind energy has resulted in lower costs and a rapidly growing share of electricity generated by wind turbines. Wind in 2019 accounted for 7.3 percent of electrical generation, surpassing for the first time hydropower at 7.0 percent.