Renewable Portfolio Standard Archives

Gov’t Mandate Requiring More Renewable Energy Shows Poor Understanding of Market

SEOUL, Nov. 14 (Korea Bizwire) – The Moon Jae-in administration’s renewable portfolio standard (RPS) has come under fire from experts for what is being criticized as an insufficient understanding of market dynamics. The RPS requires energy producers with annual production capacities at or above a threshold of 500 MW to either allocate a certain portion [...]

Moon Administration Seeks to Generate 20% of Electricity with Renewables by 2030

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 [...]