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

LG Electronics Teams Up with Local Partners to Develop Renewable Energy Tech

LG Electronics Teams Up with Local Partners to Develop Renewable Energy Tech

SEOUL, March 30 (Korea Bizwire) – LG Electronics Inc. said Tuesday it has joined hands with local partners to develop renewable energy technology and achieve carbon neutrality. Under the partnership with Korea Water Resources Corporation and POSCO, the country’s largest steelmaker, LG will collaborate in building a renewable energy cluster here. The three will work [...]

Moon Administration’s Renewable Energy Policy Lays Waste to Environment

Moon Administration’s Renewable Energy Policy Lays Waste to Environment

SEOUL, Feb. 26 (Korea Bizwire) — Criticism is rising against the government’s push for renewable energy, with many claiming that government policies are directly responsible for the devastation of the natural environment across the country. Critics specifically point at solar generation facilities and wind turbines built in mountainous areas, and solar panels set up on [...]

Renewable Energy Generation Remains Insignificant Despite Gov’t Push

Renewable Energy Generation Remains Insignificant Despite Gov’t Push

SEOUL, Jan. 25 (Korea Bizwire) — While renewable energy generation facilities are expanding rapidly on the back of the government’s policy to expand the distribution of new and renewable energy, the share of renewable energy among total power generation still remains negligible. The overall capacity of the nation’s renewable energy facilities expanded by 4,485 megawatts [...]