South Korea said it aims to build a 48trn won ($43bn) offshore wind complex that at up to 8.2GW would be the world’s largest planned so far.

The huge ambition for development off the nation’s South Jeolla province was unveiled on Friday by President Moon Jae-in, who said the build-out would take place in phases over the next decade, local media reported.

Moon spoke during a signing ceremony that was also attended by domestic industrial heavyweights taking part in the project, including Korea Electric Power (Kepco), SK Engineering & Construction and Doosan Heavy Industries.