renewable energy Archives | Be Korea-savvy
China Dominates World’s Renewable Energy Industry: Report

China Dominates World’s Renewable Energy Industry: Report

SEOUL, June 24 (Korea Bizwire) — Concerns are rising over the risk of the value chain for major sources of renewable energy like solar and wind power being dominated by China, a report showed Thursday. The report from the Federation of Korean Industries (FKI), the lobby for South Korea’s family-controlled conglomerates, gave a global forecast [...]

Ratio of Renewable Energy-based Power Generation Hits New High in 2021

Ratio of Renewable Energy-based Power Generation Hits New High in 2021

SEOUL, May 30 (Korea Bizwire) — The amount of electricity generated from renewable energy in South Korea touched an all-time high in 2021 on government efforts to cut greenhouse gas emissions, data showed Monday. Electricity produced from renewable energy sources came to 43,085 gigawatt hours last year, accounting for 7.5 percent of the country’s total [...]

Moves Afoot to Allow Companies to Directly Purchase Electricity Produced Using Renewable Sources

Moves Afoot to Allow Companies to Directly Purchase Electricity Produced Using Renewable Sources

SEOUL, Oct. 13 (Korea Bizwire) — Starting from the end of this month, companies will be allowed to directly purchase electricity produced from renewable energy. This will broaden the way for companies to participate in the RE100 campaign that calls for companies to meet their entire electricity demand with renewable energy such as wind power [...]

Gov’t Set to Raise Renewable Energy Quota for Power Companies

Gov’t Set to Raise Renewable Energy Quota for Power Companies

SEOUL, Oct. 7 (Korea Bizwire) — The mandatory renewable portfolio standards (RPS) ratio for South Korea’s large-sized power suppliers will be revised upward from next year. The Ministry of Trade, Industry and Energy said Wednesday that it had issued an advance legislation notice for the upward revision of the RPS ratio for large-sized power suppliers. [...]

Jeju Eyes Compensation System to Encourage Use of Residual Electricity for EV Charging

Jeju Eyes Compensation System to Encourage Use of Residual Electricity for EV Charging

JEJU, Oct. 1 (Korea Bizwire) — The municipality of the southern resort island of Jeju will introduce a compensation system to promote the use of overproduced and wasted renewable energy for electric vehicle (EV) charging. The the Jeju provincial government on Thursday signed a business agreement with the state-run energy firm Korea Electric Power Corp. [...]

KEPCO Opens New Renewable Energy Transaction Service

KEPCO Opens New Renewable Energy Transaction Service

SEOUL, June 3 (Korea Bizwire) — Korea Electric Power Corp. (KEPCO), South Korea’s state-run utility, said Wednesday that it will launch a new renewable energy transaction service through its energy marketplace EN:TER. The new renewable energy transaction service consists of the ‘My Power Plant Service’ and the ‘Green Premium Bidding Service.’ The My Power Plant [...]