When it comes to wind power, the United States is being overtaken by a foreign country yet agian. South Korea is entering the offshore wind power game with a 2.5 GW project, which will cost about $8.2 billion to build. The wind farm will include about 500 turbines and is expected to be completed by 2019.
Companies like Hyundai Heavy Industries and Daewoo Shipbuilding and Marine Engineering are constructing the turbines. The government is coordinating the project and putting up a large chunk of the price, but private investors will need to finance the remainder.
