SEOUL, Jul. 10 (Korea Bizwire) — The state-run Korea Power Electric Corp. (KEPCO) said Tuesday it will beef up technology cooperation with India’s state-run power company for renewable energy projects as it strives to make inroads into the vast market. KEPCO signed a memorandum of cooperation with Power Grid Corporation of India Ltd.(PGCIL) during a [...]
SEOUL, Jun. 29 (Korea Bizwire) — Doosan Heavy Industries & Construction Co. revealed yesterday that it will be spearheading a state power project to develop an 8-megawatt offshore wind farm. The project, which is estimated to be worth 55 billion won, will be executed over a period of approximately 48 months as part of a [...]
SEOUL, Jun. 15 (Korea Bizwire) — Samsung Electronics revealed yesterday that it will be installing solar power generators at all of its business facilities in the U.S., Europe and China. In Korea, some but not all facilities will be equipped with solar power generating systems. To kick off the initiative, Samsung will install solar panels [...]
SEOUL, May 18 (Korea Bizwire) — South Korea will raise incentives for offshore wind farm operators and cut back subsidies on biomass producers to promote more eco-friendly energy sources, the energy ministry said Friday. The Ministry of Trade, Industry and Energy said it will adjust the incentive rates for renewable energy sources based on their [...]
SEOUL, Mar. 29 (Korea Bizwire) — Larger buildings scheduled to be built in Seoul from July will be required to offset energy consumption with renewable energy sources including solar energy. Under the new renewable energy quota, buildings larger than 100,000 square meters in total floor area will have to rely on renewable energy for at least [...]
DUBAI, March 27 (Korea Bizwire) — President Moon Jae-in called for increased business cooperation, especially in renewable energy, between South Korea and the United Arab Emirates (UAE) on Tuesday. Moon made the call during a business forum in Dubai attended by some 200 business people from both countries. “I propose we take another step forward,” Moon said. “I wish the two countries will join forces not only to expand investment in renewable [...]
SEOUL, Dec. 20 (Korea Bizwire) — South Korea will build more solar and wind farms nationwide to nearly triple its renewable energy ratio by 2030, a project estimated at 110 trillion won (US$101 billion), the energy ministry said Wednesday. The Ministry of Trade, Industry and Energy announced the detailed plans for its new energy road [...]
SEOUL, Nov. 20 (Korea Bizwire) — Key business indices for renewable energy, including investment and domestic demand, have backtracked over the past few years, data showed Monday, a challenge to the government policy to pursue non-nuclear power sources. The data provided in a 2016 survey by the New Renewable Energy Center of the Korea Energy [...]
SEOUL, Nov. 17 (Korea Bizwire) – South Korea opened its first commercial wind power plant on the southern island of Jeju on Friday, stepping up its renewable energy initiative, a state-run utility company said. Korea South-East Power Co., which is wholly owned by the state-run Korea Electric Power Corp., said the 30-megawatt complex, composed of [...]
SEOUL, Oct. 23 (Korea Bizwire) — A majority of South Koreans support phasing out nuclear energy, a survey showed Monday, as President Moon Jae-in reiterated his commitment to shifting out of nuclear power into safer renewable energy. The Realmeter survey, conducted on 501 adults Friday, found that 60.5 percent back a nuclear phase-out policy while [...]