Eurus Energy, a wind farm developer majority owned by Tokyo Electric Power Company, has jointly commissioned the 40 MW Taegisan Wind Farm in the Republic of Korea's Gangwon Province in the country's north-east together with Korean engineering conglomerate Posco. The plant uses 20 Vestas 2 MW turbines. The operating company, Taegisan Wind Farm Corporation, is a fifty-fifty joint venture between Eurus and Posco. Total development cost for the project was KRW 85 billion ($56.2 million) and Posco estimates the wind farm will generate annual revenue of between KRW 9-11.3 billion ($6-7.5 million). Korea has 233 MW of installed wind power capacity (page 116)
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