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 [...]
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 [...]
SEOUL, May 25 (Korea Bizwire) — South Korean tech giant Kakao Corp. said Wednesday it will join RE100 and transition to 100 percent renewable energy by 2040. RE100 is a global corporate initiative designed to shift energy use to renewable sources as a way to respond to climate change and other environmental issues. Kakao plans [...]
SEOUL, May 3 (Korea Bizwire) — SK E&S Co., an energy unit of South Korean conglomerate SK Group, said Tuesday it will supply electricity generated from renewable energy to German chemical giant BASF S.E. The two parties signed a power purchase agreement (PPA) in Seoul on April 18. As per the terms of the agreement, [...]
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 [...]
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 [...]
JEJU, Jan. 13 (Korea Bizwire) – The provincial government of Jeju Island said Thursday it will establish energy storage systems (ESS) at three sites on the island on a gradual basis by 2026 as part of efforts to ensure the stable storage and supply of renewable energy power. The three ESS will have a combined [...]
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, [...]