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S. Korea Expects to Create 59 Tln Won in Economic Effect via Zero Carbon Energy Sources by 2033

S. Korea Expects to Create 59 Tln Won in Economic Effect via Zero Carbon Energy Sources by 2033

SEOUL, Nov. 22 (Korea Bizwire) — South Korea expects to achieve an economic effect worth 59 trillion won (US$42 billion) by beefing up the country’s “zero carbon energy ecosystem” by 2033, the industry ministry said Friday. The Ministry of Trade, Industry and Energy has announced the 5th Energy Technology Plan, which presented its energy technology [...]

Hyundai Motor Signs 610 GWh Renewable Energy Deal with Domestic Partners

Hyundai Motor Signs 610 GWh Renewable Energy Deal with Domestic Partners

SEOUL, Oct. 30 (Korea Bizwire) — Hyundai Motor Co. said Wednesday it has signed a 610-gigawatt-hour (GWh) power purchase agreement (PPA) with SK E&S Co. and other partners, the latest in its renewable energy transition efforts. The automotive giant said its renewable energy supply deal with SK E&S, Hyundai Engineering & Construction Co., GS E&R [...]

S. Korea, Kyrgyzstan Discuss Renewable Energy Projects

S. Korea, Kyrgyzstan Discuss Renewable Energy Projects

SEOUL, May 10 (Korea Bizwire) — South Korea’s industry ministry on Friday discussed potential cooperation in renewable energy projects with Kyrgyzstan, aiming to strengthen partnerships and explore joint opportunities. Industry Minister Ahn Duk-geun met his Kyrgyz counterpart Taalaibek Ibraev in Seoul to seek broader bilateral cooperation in the energy sector, according to the Ministry of [...]

Inje County Opens Smart Farm Greenhouse Powered by Renewable Energy

Inje County Opens Smart Farm Greenhouse Powered by Renewable Energy

INJE, Apr. 17 (Korea Bizwire) – Inje County in Gangwon Province, South Korea, has unveiled a smart farm greenhouse facility that utilizes renewable energy sources to cultivate subtropical plants. The county announced the completion of the project and its opening to the public on April 16.  Covering an area of approximately 4,950 square meters, the smart [...]

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 [...]