SEOUL, Sept. 23 (Korea Bizwire) — South Korea is revisiting an ambitious plan to transform a small island into a showcase of renewable power, seeking lessons from past failures as the government doubles down on clean energy to meet surging demand from carbon neutrality goals and AI-powered data centers. The Ministry of Environment said this [...]
SEOUL, July 31 (Korea Bizwire) — President Lee Jae Myung on Thursday called for establishing a next-generation power grid as he underscored the importance of shifting the country’s power supply infrastructure to one that centers on renewable energy. “Energy transition has become an essential task,” Lee said as he presided over a meeting of senior [...]
SEJONG, June 20 (Korea Bizwire) — The administration of President Lee Jae-myung is accelerating plans for a nationwide renewable energy infrastructure overhaul, with a transformative “Energy Highway” at the center of its strategy to upgrade Korea’s industrial base and compete in the global clean energy transition. In a briefing to the National Planning Commission on [...]
SEOUL, Dec. 18 (Korea Bizwire) — South Korea’s industry ministry on Wednesday unveiled a blueprint for government investment in energy research and development projects to maintain a stable power supply using carbon-free sources. The energy technology development plan, effective through 2033, is expected to generate an economic effect of 59 trillion won (US$41 billion), according [...]
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 [...]
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 [...]
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, 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 [...]
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, [...]
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 [...]