SEOUL, May 8 (Korea Bizwire) — South Korea on Friday announced a long-term energy plan to spur a shift toward renewable power sources away from fossil fuels and nuclear energy. The draft plan for the nation’s ninth basic energy policy for the years 2020-2034 calls for raising the share of renewable energy out of its [...]
SEOUL, Nov. 25 (Korea Bizwire) — South Korean and local companies will be joining forces to help the Galapagos Islands, a treasure trove of flora and fauna, meet a “zero fossil fuel” commitment. A ground-breaking ceremony was held on Ecuador’s San Cristobal Island last Thursday to build a “Microgrid System,” an Official Development Assistance project [...]
BUSAN/ULSAN, Oct. 30 (Korea Bizwire) — When South Korea vowed to reduce heavy reliance on nuclear power in favor of renewable energy sources with the retirement of the Kori-1 reactor in 2017, a key question rose to the surface — how can a reactor be decommissioned safely? South Korea is set to retire 11 out [...]
SEOUL, Oct. 11 (Korea Bizwire) — The Seoul metropolitan government has won an international award for its renewable energy project as a measure to address climate change, city officials said Friday. The city’s effort to expand facilities for solar power generation, known as “Solar City Seoul,” was chosen as a category winner for Renewable Energy [...]
SEJONG, Oct. 4 (Korea Bizwire) — After looking for a perfect place for her family for years, Cho Yeoun-hoa and her family moved in April from an apartment where her daughter couldn’t play the cello at night to a stand-alone house in the country’s administrative city of Sejong that also happened to be solar-powered. The [...]
SEOUL, Sept. 9 (Korea Bizwire) — Hyundai Motor Group, South Korea’s top automotive group, said Monday it plans to enter the renewable energy market along with local solar energy firm OCI Co. Under the memorandum of understanding (MOU), Hyundai Motor will install energy storage systems (ESS) at OCI’s solar power stations in South Korea and [...]
YEONGDONG, Sept. 5 (Korea Bizwire) – A series of court rulings have been made indicating that local governments are justified in disallowing solar power facilities that are recklessly installed amid the renewable energy craze. On June 29, the Supreme Court rejected an appeal filed by a solar power company against Yeongdong County, North Chungcheong Province, [...]
SEOUL, Aug. 29 (Korea Bizwire) — Orsted A/S, the world’s largest offshore wind power producer, said Thursday it is seeking business opportunities in South Korea following the country’s plan to go green in power generation. The Danish state-run energy firm said it has recently completed the establishment of its Korean branch following South Korea’s announcement [...]
SEOUL, Jul. 18 (Korea Bizwire) — The installed capacity of solar and wind power rose 52 percent on-year in the first half of this year, leading the growth of renewable energy. Solar energy and wind power accounted for 92.6 percent of the total supply of renewable energy in the first half of the year, the [...]
SEOUL, Jun. 10 (Korea Bizwire) – The government plans to cut subsidies given to Solid Refuse Fuel (SRF) in which plastic waste is burned to generate heat or electricity. The Ministry of Trade, Industry and Energy said on Sunday that any plants or incineration facilities that use non-renewable SRF will be cut off from receiving Renewable [...]