renewable energy Archives | Be Korea-savvy
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 [...]

S. Korea Speeds Up Development of High-altitude Wind Power Technology

S. Korea Speeds Up Development of High-altitude Wind Power Technology

CHANGWON, May 6 (Korea Bizwire) — The southeastern city of Changwon, South Gyeongsang Province is rising as a platform to develop South Korea’s high-altitude wind power technology, the newest addition to a series of renewable energy sources. The Korea Electrotechnology Research Institute, state-run utility Korea Electric Power Corp., and the municipality of Changwon recently held [...]

Power Companies Asked to Use More Renewable Sources from October

Power Companies Asked to Use More Renewable Sources from October

SEOUL, April 19 (Korea Bizwire) — South Korea said Monday it has revised the renewable portfolio standards (RPS) system to have power companies utilize more sustainable resources, in line with the country’s green energy drive. Under the new rules, power companies are requested to produce up to 25 percent of all their power output from [...]

Gov’t Establishes Smart Green Industrial Complexes to Reduce Carbon Emissions

Gov’t Establishes Smart Green Industrial Complexes to Reduce Carbon Emissions

SEOUL, April 8 (Korea Bizwire) — The government has launched a drive to reduce the carbon emissions of existing industrial complexes by more than 25 percent by transforming them into ‘smart green industrial complexes’ on a step by step basis and promoting business innovation activities. On Wednesday, the Ministry of Land, Infrastructure and Transport confirmed [...]