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South Korea’s Democratic Party Pledges 40% Renewable Energy by 2035

South Korea’s Democratic Party Pledges 40% Renewable Energy by 2035

SEOUL, Mar. 21 (Korea Bizwire) – The main opposition Democratic Party of South Korea unveiled an ambitious plan on March 20 to increase the country’s reliance on renewable energy sources to 40% by 2035, a significant stride toward achieving the “100% Renewable Energy” (RE100) goal. The party’s policy committee announced the “Renewable Energy 3540″ electoral pledge, [...]

Copenhagen Infrastructure Partners Takes FID on 1,000 MWh Battery Energy Storage Project

Copenhagen Infrastructure Partners Takes FID on 1,000 MWh Battery Energy Storage Project

The battery energy storage system Coalburn 1 will be one of the largest battery storage projects in Europe. Construction has commenced in November 2023 and the project will be 500 MW / 1,000 MWh once complete. COPENHAGEN, Denmark, Dec. 05, 2023 (Korea Bizwire) – Copenhagen Infrastructure Partners (CIP) through its Flagship Funds has taken final investment [...]

Copenhagen Infrastructure Partners Launches Horizon New Energy, Dedicated to Renewable Energy in Canada

Copenhagen Infrastructure Partners Launches Horizon New Energy, Dedicated to Renewable Energy in Canada

Horizon New Energy (“Horizon”) is a dedicated platform for Copenhagen Infrastructure Partners’ (CIP) development and realization of renewable energy projects in Canada. NEW YORK and CALGARY, Alberta, Nov. 21, 2023 (Korea Bizwire) – CIP, on behalf of its Flagship Funds, today announced the launch of Horizon, a dedicated platform for the development and realization of [...]

Hanwha Q Cells Launches Renewable Energy Power Output Prediction Service

Hanwha Q Cells Launches Renewable Energy Power Output Prediction Service

SEOUL, March 9 (Korea Bizwire) — South Korean solar cell maker Hanwha Q Cells said Wednesday it has launched a service to predict the power output of renewable energy, making full strides into the distributed energy market. The renewable energy power output prediction system was introduced to ensure accurate predictions of highly volatile renewable energy [...]

Growing Financial Benefits for Local Residents Investing in Solar and Wind Power

Growing Financial Benefits for Local Residents Investing in Solar and Wind Power

SEOUL, Jan. 27 (Korea Bizwire) — Financial benefits for residents, farmers and fishermen who have invested in the construction of solar power plants or wind farms are about to increase, the industry ministry said Thursday. The Ministry of Trade, Industry and Energy announced that it will put up an administrative notice to amend several parts [...]

Gov’t Lowering Renewable Energy Supply Goals

Gov’t Lowering Renewable Energy Supply Goals

SEOUL, Nov. 4 (Korea Bizwire) — The government plans to readjust the renewable energy distribution goals and renewable portfolio standards (RPS) with the aim to make the policy more realistic. The Ministry of Trade, Industry and Energy on Thursday announced plans to improve policies on renewable energy in response to the changing energy environment. First, [...]

8 in 10 Seoulites Willing to Install Renewable Energy Power Facilities at Home: Survey

8 in 10 Seoulites Willing to Install Renewable Energy Power Facilities at Home: Survey

SEOUL, Oct. 18 (Korea Bizwire) — Nearly 8 out of 10 Seoul citizens are willing to install renewable energy power facilities such as solar panels at home as part of efforts to better cope with climate change, a survey showed Monday. Korea Beyond Coal, a network of environmental and civic groups, conducted a survey of [...]