SEOUL, Dec. 24 (Korea Bizwire) – South Korea will close aging coal power plants and retire nuclear reactors to accelerate its shift toward renewable energy by 2034, the energy ministry said Thursday. The Ministry of Trade, Industry and Energy announced its ninth basic plan for long-term electricity supply and demand from 2020 to 2034 in [...]
SEOUL, Nov. 9 (Korea Bizwire) — Shares of South Korean battery makers and renewable energy suppliers got a fresh boost Monday as investors bet on Joe Biden’s win in the U.S. presidential election with clean energy pledges. Biden’s green energy plan includes significant investments in charging infrastructure for electric vehicles (EVs) and updating government vehicle [...]
SEOUL, Nov. 1 (Korea Bizwire) — Eight units of South Korea’s third-largest conglomerate SK Group will participate in a global renewable energy campaign also joined by Google Inc. and Apple Inc., the group said Sunday. The SK firms will be the first South Korean companies to take part in the RE100 campaign that calls for [...]
JEJU, Oct. 28 (Korea Bizwire) — The provincial government of Jeju Island, which is famous for strong winds, plans to launch a project that uses wind power to produce electricity and then use the electricity to split water to produce hydrogen energy. This is an example of a so-called green hydrogen (P2G: Power to Gas) [...]
SEOUL, Sept. 21 (Korea Bizwire) — The South Korean government plans to introduce a forecasting system for renewable energy power generation as a way to better cope with the volatility in solar and wind power generation. Under the forecasting system, 20 megawatt-plus solar and wind power generators should report the predicted amount of renewable energy [...]
LAS VEGAS, July 29 (Korea Bizwire) — via NetworkWire — ISW Holdings, Inc. (OTC: ISWH) (“ISW Holdings” or the “Company”), a global brand management holdings company, is thrilled to announce its finalization of the new Proceso S19 Pod5ive data center design, which is capable of powering 1MW of computing mining power. Bit5ive is targeting the [...]
SEOUL, July 20 (Korea Bizwire) — As the South Korean government continues to distribute solar panels and other renewable energy platforms, Chinese manufacturers are bolstering their offensive in the South Korean market for solar panels. The Korea International Trade Association reported that imports of Chinese solar modules in January to June period this year reached [...]
HOUSTON, June 4 (Korea Bizwire) — Cities, states, and countries around the world are setting ambitious renewable energy targets, with the ultimate goal of 100% clean or renewable power. To succeed, they need to not only increase renewable generation, but also rapidly reduce the use of fossil fuels — and creating a plan to get [...]
SEOUL, May 8 (Korea Bizwire) — South Korea on Friday announced a long-term energy plan to spur a shift toward renewable power sources away from fossil fuels and nuclear energy. The draft plan for the nation’s ninth basic energy policy for the years 2020-2034 calls for raising the share of renewable energy out of its [...]
SEOUL, Nov. 25 (Korea Bizwire) — South Korean and local companies will be joining forces to help the Galapagos Islands, a treasure trove of flora and fauna, meet a “zero fossil fuel” commitment. A ground-breaking ceremony was held on Ecuador’s San Cristobal Island last Thursday to build a “Microgrid System,” an Official Development Assistance project [...]