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 [...]
SEOUL, Sept. 19 (Korea Bizwire) – South Korea will establish a centralized “control tower” to manage its renewable energy policies and prepare backup facilities for solar and wind power plants for stable power supply, a government panel said Tuesday. The government plans to increase the ratio of renewable energy from the current 1.9 percent to [...]
BUSAN, Aug. 28 (Korea Bizwire) — On August 27, Busan Green Energy, a special purpose company formed by the Busan Metropolitan City government, the Korea Hydro and Nuclear Power Company, Busan City Gas and Samsung C&T Corporation, announced that it will hold an opening ceremony to commemorate a fuel cell power plant that was completed [...]
SEOUL, Aug. 18 (Korea Bizwire) – The Seoul Metropolitan Government has announced plans to open a hydrogen energy trial zone for a limited period of time at the Hangang Park in the hopes of promoting the use of renewable energy. “It is not only the very first hydrogen energy experience zone in South Korea, but [...]
SEOUL, Aug. 10 (Korea Bizwire) — As the South Korean government has promised to denuclearize the country, tidal and wave power could be among the most ideal types of renewable energy to replace the country’s previous reliance on nuclear power, a group of environmental researchers have claimed. In a report released on Wednesday, a group [...]
SEOUL, July 19 (Korea Bizwire) – South Korea aims to generate 20 percent of its electricity with clean, renewable energy by 2030, while reducing its reliance on fossil fuel and nuclear power plants, the new Moon Jae-in administration said Wednesday. In a policy report to President Moon Jae-in, who took office in May, the State [...]
SEOUL, Jul. 6 (Korea Bizwire) — The volume of electricity generated from renewable energy hit a record high last year, aided by a surge in power generation coming from biomass and by-product gas, data showed Thursday. According to the data compiled by the Korea Power Exchange, a total of 19.35 million megawatt-hours worth of electricity [...]
SEOUL, Jun. 28 (Korea Bizwire) — The presidential office Cheong Wa Dae on Wednesday defended the government’s decision to temporarily suspend the construction of two nuclear reactors, saying it was made after “painstaking deliberations.” On Tuesday, Cheong Wa Dae announced that the government will halt the construction of the reactors in Ulsan, 414 kilometers southeast [...]