SEJONG, Feb. 17 (Korea Bizwire) — South Korea and the Czech Republic held a high-level bilateral supply chain and energy dialogue (SCED) Monday, as the two sides seek to deepen cooperation in various sectors, including trade, eco-friendly energy and nuclear power plants, Seoul’s industry ministry said. Industry Minister Ahn Duk-geun and his Czech counterpart, Lukas [...]
SEOUL, Jan. 31 (Korea Bizwire) – The total capacity of newly installed commercial solar panels in South Korea reached 3.16 gigawatts in 2024, data showed Friday, exceeding the 3-GW level for the first time in three years. The figure marks a 9 percent increase from 2.9 GW installed in 2023, according to the data compiled [...]
SEOUL, Jan. 22 (Korea Bizwire) — Hanwha Qcells, the renewable energy unit of Hanwha Solutions Corp., said Wednesday it has sold two solar power development projects in the United States to a Kohlberg Kravis Roberts (KKR) company. Hanwha Qcells has sold the two solar power projects, one in Colorado and the other in Virginia, to [...]
SEOUL, Jan. 18 (Korea Bizwire) — In a significant strategic shift, Korea Hydro & Nuclear Power (KHNP), Korea Electric Power Corporation (KEPCO), and U.S.-based Westinghouse Electric Company have agreed to set aside ongoing intellectual property disputes and jointly pursue global nuclear power projects under the newly formed “Team KORUS” alliance. Though the specific terms of the [...]
SEOUL/WASHINGTON, Jan. 17 (Korea Bizwire) — South Korea’s state-run Korea Hydro & Nuclear Power (KHNP) said Friday it has reached an agreement with U.S.-based Westinghouse over an intellectual property rights dispute and to join forces in the global nuclear energy market. “KHNP and Korea Electric Power Corp. (KEPCO) have agreed with U.S. Westinghouse to settle [...]
SEOUL, Jan. 10 (Korea Bizwire) — South Korea’s exports in the nuclear energy sector reached a record high of 32 trillion won (US$21.9 billion) in 2023, data showed Friday. The figure represents a 26 percent increase from the 25.4 trillion won recorded in 2022, according to the Ministry of Trade, Industry and Energy. The Korea [...]
SINAN, Jan. 7 (Korea Bizwire) — A county in South Korea’s South Jeolla Province is breaking new ground with the nation’s first offshore wind power fund designed specifically for local residents. Sinan County announced on January 6 that it had signed a memorandum of understanding with Sinan Ui Offshore Wind and Root Energy to establish a [...]
SEOUL, Dec. 27 (Korea Bizwire) — South Korea’s demand for hydrogen fuel in the mobility sector jumped 64 percent in 2024 from a year earlier, driven by the increasing number of hydrogen buses in the country, data showed Friday. The country’s hydrogen fuel demand in the mobility sector reached 9,499 tons this year, compared with [...]
SEOUL, Dec. 19 (Korea Bizwire) — Doosan Enerbility Co. said Thursday it plans to supply key components for a small modular reactor (SMR) project by TerraPower LLC, a nuclear reactor startup founded by Bill Gates, in the United States. The South Korean nuclear power plant builder said it has signed a contract with TerraPower to [...]
SEOUL, Dec. 18 (Korea Bizwire) — South Korea’s industry ministry on Wednesday unveiled a blueprint for government investment in energy research and development projects to maintain a stable power supply using carbon-free sources. The energy technology development plan, effective through 2033, is expected to generate an economic effect of 59 trillion won (US$41 billion), according [...]