2 GW Solar Tender Launched In South Korea
South Korea Inviting Bids For 2 GW Solar Power Capacity Under 4 Categories
South Korea’s Ministry of Trade, Industry and Energy through Korean New and Renewable Energy Center (KNREC) has launched a 2 GW solar PV tender in lieu of 20-year power purchase agreement (PPA) for power supply to local electricity distributors.
SolarEdge Gets Its Own Lithium-Ion Battery Fab
SolarEdge Starts South Korean Fab For Residential Solar-Attached Batteries
Israel headquartered solar inverter and battery storage supplier SolarEdge Technologies has started test production of battery cells at its 2GWh manufacturing facility Sella 2 in South Korea which will come in handy to build the company’s supply chain resilience.
South Korea Offers KRW 1.5 Billion For BIPV
Seoul Metropolitan Government Invites Subsidy Applications For BIPV Installations
The Seoul Metropolitan Government is offering KRW 1.5 billion ($1.2 million) to support private building integrated PV (BIPV) installations in 2022, as it makes efforts to create a new solar technology market ecosystem, claiming to be the 1st local g.
Renewable Energy JV For South Korea
Aquila Capital & TopInfra To Co-Develop Solar PV, Wind & Energy Storage Projects In South Korea
German investor and asset development company Aquila Capital is putting its money on the South Korean renewables market where under a joint venture (JV) with local solar PV developer TopInfra, it will realize a portfolio of solar PV, wind power and battery energy storage systems (BESS).
385 MW Solar Module Fab In South Korea
South Korea’s SDN Company To Invest In New Solar Module Production Facility In Country’s Gwangju City With 385 MW Annual Capacity
A South Korean solar module producer that also provides project development services, is planning to invest in building a solar module production facility with maximum annual capacity of 385 MW. Making a corporate announcement, SDN Company Ltd.
Hanwha Q Cells’ KRW 1.5 Trillion Production Plans
Hanwha Q Cells To Expand South Korean Annual Solar Cell & Module Production Capacity To 7.6 GW By 2025; Perovskite Tandem Cell Tech Also Part Of Plan
South Korean solar PV products manufacturer Hanwha Q Cells has set aside KRW 1.5 trillion ($1.27 billion) to expand its domestic solar cell and module production capacity to 7.5 GW annually by 2025 as part of its future production plans the company has shared.
South Korea Clears Carbon Neutrality Act
South Korea Becomes 14th Nation To Commit To Achieving Carbon Neutrality By 2050 After National Assembly Clears Carbon Neutrality & Green Growth Act
On August 31, 2021 the National Assembly of South Korea has passed the Carbon Neutrality and Green Growth Act, setting the country on track to aim for carbon neutrality by 2050.
South Korea To Invest In African Renewables Alongside AfDB
South Korea To Invest $600 Million On Renewable Energy Solutions In Africa, Including Mini-Grids, Along With African Development Bank
Renewable energy solutions in Africa, including those related to generation, transmission, distribution, off-grid and mini-grids, will be focus of a $600 million financing approved by the South Korean government to be executed under the Korea-Africa Energy Investment Framework (KAEIF).
South Korea Clears Way For Renewable Energy PPAs
Ministry Of Trade, Industry & Energy In South Korea To Allow Domestic Electricity Consumers To Directly Purchase Renewable Energy Under PPAs; Country To Aim For 40.3% Renewable Energy Share By 2034
The South Korean electricity market is now officially open to renewable energy power purchase agreements (PPA) with the country’s Ministry of Trade, Industry and Energy allowing domestic electricity consumers to purchase electricity from renewable .
South Korea To Aim For 42% RE Share By 2034
South Korea May Assign 42% Share To Renewable Energies Under Country’s 9th Basic Plan For Electricity Supply & Demand 2020-2034: Renewables To Grow To 77.8 GW Total Installed Capacity By 2034: Media
Under its 9th Basic Plan for Electricity Supply and Demand 2020-2034, South Korea plans to aim for around a 42% (41.9% to be precise) share for renewable energy in its cumulative energy mix by the year 2034, according to a draft released by the Minis.
Hanwha To Build 41 MW Floating PV Project
41 MW Floating Solar Power Plant Announced In South Korea; K-Power Contracts Hanwha Q Cells To Start Construction On Site In 2020
The water resource development and management agency of South Korea, K-Water is planning to get a floating solar project with 41 MW capacity for a dam and has roped in Hanwha Q Cells.
US Has No Problem With South Korean Floating Plant
South Korean Defence Ministry: Solar Panel Glare From Planned 2.1 GW Floating Solar Power Plant On Saemangeum Reclaimed Area No Issue For US Forces Korea
If the 2.1 GW floating solar plant does come up on Saemangeum Lake in South Korea, it will be the largest single-site floating solar plant in the world.
Korea Exceeds 2019 1.63 GW PV Target In July
With 1.64 GW Solar PV Installed Till July 2019, South Korea Exceeds Annual Deployment Target Of 1.63 GW, Says Ministry Of Trade, Industry & Energy
Originally, South Korea had plans to install 1.63 GW of total solar PV capacity in 2019, but the latest data from the Ministry of Trade, Industry & Energy (MOTIE) shows it already exceeded this target in the first 7 months of the year with 1.64 GW deployed by July 2019.
South Korea Announces 2.1 GW Floating Solar Project
South Korean Ministry Of Trade, Industry & Energy Approves 2.1 GW Floating Solar PV Plant For Saemangeum Lake; Construction To Begin In H2/2020
A gigantic 2.1 GW floating solar power plant in South Korea will have 14 times more capacity than the world largest project today - a 150 MW floating PV project in China, said MOTIE.
South Korea Aiming For 35% RE By 2040
South Korea Mulls Increasing Renewables Share In Energy Mix To Up To 35% By 2040 To Reduce Country’s Reliance On Coal & Nuclear Power: Media
South Korea’s government is contemplating increasing its renewable energy share in total energy generation to between 30% to 35% through installation of 103 to 129 GW by 2040.
South Korea May Miss 2030 RE Target
Wood Mackenzie Expects South Korea To Achieve 17% Renewable Energy Share In Total Energy Mix By 2030, Missing 20% Target; Solar To Account For 37.5 GW
Energy and research consultancy Wood Mackenzie believes South Korea will not be able to achieve its 20% renewable energy generation target by 2030; instead it is likely to settle for about 17%.
4 GW Solar & Wind Complex For South Korea
South Korea Announces Massive Renewable Energy Complex With 4 GW Capacity On Saemangeum Reclaimed Land Area In Jeollabuk-do Province; Local Media Reports Say Solar Will Make Up 3 GW & Offshore Wind 1 GW
While announcing the 4 GW Saemangeum solar complex, South Korean President Moon Jae-in (in the picture) said it will attract private investment of KRW 10 trillion ($8.8 billion).
Blockchain for Chuncheon City To Go Solar
Chuncheon City In South Korea Enters Partnership With Blockchain Expert Swytch To Adopt Solar Energy & Reduce Carbon Emissions
South Korea’s Chuncheon city wants to use blockchain technology to go renewables and become more energy efficient. That’s why it has partnered with US company Swytch.
