SEOUL, Jul. 9 (Korea Bizwire) – The Export-Import Bank of Korea (Korea Eximbank) announced on July 8 that it will provide $150 million in project financing for a major solar power project in the United Arab Emirates (UAE), won by the Korea Western Power Co. This ambitious venture, located in the UAE’s desert region, involves the [...]
SEOUL, Dec. 29 (Korea Bizwire) — The Korea Institute of Science and Technology said Wednesday it has developed a new technology that can replace high-temperature, high-pressure energy used for the production of hydrogen peroxide with photovoltaic energy, thus improving overall productivity. Hydrogen peroxide is a core material used in chip production. However, a stable supply of hydrogen peroxide is uncertain due to [...]
SEOUL, Aug. 31 (Korea Bizwire) — POSCO, the world’s fifth-largest steelmaker by output, said Tuesday it has signed an initial agreement with Array Technologies Inc. to provide a corrosion resistant product to the U.S. manufacturer of ground-mounting systems used in solar energy projects. Under the memorandum of understanding inked virtually, POSCO will begin providing 200,000 [...]
SEOUL, Aug. 6 (Korea Bizwire) — Oriental Brewery (OB) Co., South Korea’s largest brewer, will be producing beer with eco-friendly solar energy next year by installing solar power generation facilities at company plants across the country. The company held a ceremony at its Icheon brewery in Gyeonggi Province to celebrate the start of the ‘RE100’ [...]
SEOUL, Dec. 2 (Korea Bizwire) — South Korea will establish a solar energy research and development center that domestic solar energy companies can jointly use to develop new technology. The Ministry of Trade, Industry and Energy announced on Tuesday that it had selected the Korea Institute of Energy Research, Daejeon Tachnopark, Korea University and Chungnam [...]
SEOUL, July 30 (Korea Bizwire) — SK E&S Co., a leading South Korean gas provider, said Thursday that it will invest US$115.8 million to set up a joint venture (JV) with U.S. solar energy company Sunrun Inc. in its latest move to expand its energy solution business in the United States. Under the plan, SK [...]
SEOUL, Jan. 20 (Korea Bizwire) — South Korea said Monday it will spend more on research and development (R&D) in the energy segment this year as the country targets clean and sustainable economic growth. South Korea will spend 916.3 billion won (US$789 million), a 19-percent rise from last year, on such projects, according to the [...]
SEOUL, Apr. 4 (Korea Bizwire) — The solar energy project carried out over the past three years has damaged some 4,407 hectares (44.07 million square meters) of forest land, records from the Korea Forest Service showed Thursday. Approximately 2.32 million trees were felled during the three-year period to set up solar energy development facilities, according [...]
JINDO, Oct. 25 (Korea Bizwire) — A move to push for a large-scale solar energy project initiated by community citizens for the first time in South Korea is gaining attention. The energy project to be set up on Jindo, an island in South Jeolla Province, will be led by cooperative members and is expected to [...]
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 [...]