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

Hitachi Energy to Support Major Renewable Electricity Transmission Between Canada and New York City

Hitachi Energy to Support Major Renewable Electricity Transmission Between Canada and New York City

Zurich, Switzerland, Sept. 20 (Korea Bizwire) — Hitachi Energy, a global technology leader that is advancing a sustainable energy future for all, today announced it was selected by Transmission Developers Inc., a Blackstone portfolio company specialized in renewable power development, to supply a high-voltage direct current (HVDC) converter station that is a key part of the transmission [...]

Leading Chief Executives Join Governments, the United Nations and Development Agencies to Call for Increased Investments in Renewable Energy

Leading Chief Executives Join Governments, the United Nations and Development Agencies to Call for Increased Investments in Renewable Energy

United Nations, New York, Sept. 19 (Korea Bizwire) — At the start of the high-level opening week of the 77th UN General Assembly, representatives from UN Member States and development agencies joined CEOs and CFOs from UN Global Compact participant companies at this year’s Private Sector Forum (PSF)  to call for increased investment in renewable energy to [...]

PPP Launches Task Force Against Moon’s Solar Panels Project

PPP Launches Task Force Against Moon’s Solar Panels Project

SEOUL, Sept. 19 (Korea Bizwire) – The ruling People Power Party (PPP) launched a task force aimed at uncovering alleged corruption in the spending of government funds set aside to promote the installation of solar panels to enhance renewable energy generation in the previous administration. The move follows recent findings by the Office of Government [...]

KEPCO Units Plan to Slash Investment in Renewable Energy

KEPCO Units Plan to Slash Investment in Renewable Energy

SEOUL, Sept. 9 (Korea Bizwire) — Six affiliates of the state-run Korea Electric Power Corp. (KEPCO) plan to cut their investment in renewable energy over the next five years as they are under pressure to improve their worsening financial health, according to a report on Friday. The six affiliates, including Korea Energy and Korea East-West [...]

Gov’t Broadens Options for Corporate Purchases of Renewable Energy

Gov’t Broadens Options for Corporate Purchases of Renewable Energy

SEOUL, Sept. 1 (Korea Bizwire) – South Korea said Wednesday that it will launch a direct power purchase agreement (PPA) system that will enable businesses using large amounts of electricity to directly purchase the electricity produced using renewable energy without going through the electric power market. The Ministry of Trade, Industry and Energy announced that [...]

Copenhagen Infrastructure Partners Reach Final Close on CI Energy Transition Fund I at the EUR 3 Billion Hard Cap

Copenhagen Infrastructure Partners Reach Final Close on CI Energy Transition Fund I at the EUR 3 Billion Hard Cap

COPENHAGEN, Denmark, Aug. 31 (Korea Bizwire) — Copenhagen Infrastructure Partners (CIP) has reached final close on its new fund, CI Energy Transition Fund I (CI ETF I). The fund was oversubscribed and closed at the hard cap of EUR 3 billion. This makes CI ETF I the largest dedicated clean hydrogen fund globally. CI ETF [...]