JEJU, July 14 (Korea Bizwire) – Despite a long and productive history of cultivating citrus fruits, many Jeju Island farmers are abandoning their agricultural operations and opening solar power installations instead. Just a few days after Jeju’s provincial government announced a plan to offer solar power business opportunities to outdoor tangerine farming communities, 164 farmers submitted [...]
SEJONG, July 5 (Korea Bizwire) – South Korea will invest a combined 42 trillion won (US$36.6 billion) into the renewable energy sector by 2020 as part of efforts to expand the environmentally friendly power supply system in the country, the trade ministry said Tuesday. Under the plan, new renewable power stations will be built by [...]
HONGCHEON, South Korea, July 1 (Korea Bizwire) – Incineration plants and human waste disposal facilities are some of the most undesirable establishments for city residents. Their presence often drives the inhabitants out of the area, leading to a drop in real estate prices, and ultimately leaving the area desolate and uninhabited. However, recent government efforts [...]
SEOUL, June 14 (Korea Bizwire) – Koreans are increasingly choosing to install residential solar cell panels at their homes. Last year, solar power generating units were supplied to 42 households in Daegu, and that number will go up to 600 this year. In April, 251 households from 34 apartment complexes applied for the panels. Under the [...]
BETHESDA, Md., Oct. 9 (Korea Bizwire) — TerraForm Global, Inc. (NASDAQ:GLBL), (the “Company”) today announced that Alejandro “Alex” Hernandez has been appointed as its Executive Vice President and Chief Financial Officer, effective on October 9, 2015. Mr. Hernandez will continue in his capacity as EVP and CFO of TerraForm Power, Inc. (NASDAQ:TERP). He will report [...]
SEJONG, April 22 (Korea Bizwire) – South Korea will invest over 1.8 trillion won (US$1.66 billion) this year to help boost the clean and renewable energy sector with the related market expected to be worth some 4.6 trillion won by 2017, the government said Wednesday. Under the new measures, approved at an economic ministers’ meeting Wednesday, [...]
SEOUL, Dec.4 (Korea Bizwire) – The Korea Intellectual Property Office held on December 3 a conference to predict promising technologies for the future based on the analysis on patent big data. In the conference at GS Tower in Seoul’s Gangnam, as many as 400 officials from industry, academia, and research institutes participated. The 60 promising technologies gathered from [...]
MINNEAPOLIS, March 4, 2014 (Korea Bizwire) – Citing the advantage of adding more solar energy at a lower customer cost, Xcel Energy (XEL) submitted to state regulators a plan to add up to 150 megawatts of large-scale solar resources in its Upper Midwest service territory by the end of 2016. “We are excited to develop solar [...]
SEOUL, South Korea, Oct 07 (Korea Bizwire) – LG, a leading global business group in Korea, is actively pushing forward its energy solutions business. The group is taking significant strides in developing new business opportunities in the clean energy market by presenting a total solutions package consisting of energy generation, storage and delivery. With an aim [...]
SEOUL, SOUTH KOREA, August 07, 2013 (Korea Bizwire) – Asian biomass markets are witnessing profound shifts in trade and feedstocks sourcing with South Korea and Japan setting the pace for China, Thailand, Indonesia and Malaysia. The Korean RPS (Renewable Portfolio Standard) and the Japanese feed-in tariffs (FiTs) for biomass have been important enablers of biomass trade [...]