More European offshore wind power firms exit Korea
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European companies with extensive experience in offshore wind power are leaving Korea or downsizing their operations here, fueling uncertainty over the government's plan to shift from fossil fuels to renewable sources. Corio Generation, a British offshore wind power firm owned by Macquarie, disbanded its Korean unit last month following its withdrawal from joint offshore wind projects in Busan and Ulsan. Earlier this year, Germany’s RWE quit offshore wind projects in Taean County, South Chungche
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