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 [...]
SEOUL, Jun. 4 (Korea Bizwire) — South Korea on Tuesday reaffirmed its strong commitment toward reduced dependency on conventional energy sources, such as coal, and more environment-friendly sources. The country’s new energy policy roadmap, proposed in April, was approved at the Cabinet meeting, according to the Ministry of Trade, Industry, and Energy. South Korea’s energy [...]
SEOUL, Apr. 19 (Korea Bizwire) — South Korea’s industry ministry said Friday it will significantly cut the country’s dependency on conventional energy sources, such as coal, and move toward environment-friendly resources for sustainable growth. During the public hearing for a draft of the country’s energy master plan, the Ministry of Trade, Industry, and Energy said [...]
SEOUL, Apr. 17 (Korea Bizwire) — The South Korean government on Wednesday unveiled a blueprint to build up the nuclear decommissioning industry, with the aim of becoming one of the top five global players in the field by the mid-2030s. The Ministry of Trade, Industry and Energy said the goal is to account for 10 [...]
SEOUL, Apr. 4 (Korea Bizwire) — South Korea’s industry ministry said Thursday it will speed up the development of renewable energy and encourage more businesses to utilize power produced from sustainable sources such as sunlight and wind. The Ministry of Trade, Industry and Energy announced earlier it plans to have renewable energy account for 20 [...]
SEOUL, Dec. 26 (Korea Bizwire) — The Seoul Metropolitan Government announced on December 25 that it has developed standard installation costs for five major renewable energy facilities in collaboration with the Korea Electric Association and Korea Electrical Contractors Association. The five major facilities include household solar systems, electric car chargers, solar and wind powered street [...]
SEOUL, Nov. 26 (Korea Bizwire) – With an increasing number of global corporations including Google, Apple and General Motors pledging support for RE100, a “global initiative uniting more than 100 influential businesses committed to 100 percent renewable electricity,” not a single South Korean company has yet to join the initiative. The initiative, which is led [...]
GUNSAN, Nov. 16 (Korea Bizwire) — A reservoir on the south bank of the Geum River has stayed idle except when it stores heavy rain to prevent flooding in the nearby industrial complex in Gunsan, a southwestern port city. The coastal reservoir has recently found a new role: The nation’s largest floating solar farm was [...]
SEOUL, Oct. 17 (Korea Bizwire) — The ruling party and its opposition clashed once again regarding President Moon Jae-in’s “nuclear power phase out” plan during the national audit regarding the issue by lawmakers within the National Assembly’s Trade, Industry, Energy, SMEs, and Startups Committee. Ruling party lawmakers lauded President Moon’s policy on phasing out nuclear [...]