The facility will provide locally produced and imported green hydrogen for South Korea and help advance the country's plans to transition to a clean energy economy, where hydrogen will account for 33% of energy consumption and 23.8% of power generation by 2050. The facility will be powered by 100% renewable wind energy sourced from the 1.5GW Chujin Offshore Wind Farm which Elenergy is also currently developing.
"We believe that shaping the schematic concept of this study will lead to defining key factors, which will be the gateway to consolidate potentially the first and largest green hydrogen production project not only in Korea but also in Asia," said Elenergy Executive Director Seung Han.
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