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Chinese Firms Own a Hefty Stake in Saemangeum Solar Power Projects: Lawmaker

Chinese Firms Own a Hefty Stake in Saemangeum Solar Power Projects: Lawmaker

SEOUL, Oct. 12 (Korea Bizwire) – Chinese firms turned out to have a hefty stake in domestic solar power companies in the Saemangeum reclaimed land on the southwest coast, a renewable energy center for South Korea, a lawmaker said Tuesday. According to the data obtained by Rep. Park Soo-young of the People Power Party from [...]

Hanwha Group Unveils Solar-powered Beehive

Hanwha Group Unveils Solar-powered Beehive

SEOUL, May 20 (Korea Bizwire) — South Korean conglomerate Hanwha Group on Thursday unveiled the Solar Beehive, which is run by electricity generated from solar power. The Beehive set up for a test drive at the Korea National University of Agriculture and Fisheries will become home to some 40,000 bees who will play a crucial [...]

S. Korea’s First Profit-sharing ‘Solar Village’ Born

S. Korea’s First Profit-sharing ‘Solar Village’ Born

GONGJU, Jan. 11 (Korea Bizwire) — South Korea’s first solar village, where local residents jointly produce electricity and share the profits, is now online. The South Chungcheong Provincial Government built and started operating a solar power plant in Eomuli village in Gongju, 160 kilometers south of Seoul, through what is being called a ‘profit-sharing solar [...]

S. Korea’s Cumulative Solar Power Capacity Up Sharply Under Moon Administration

S. Korea’s Cumulative Solar Power Capacity Up Sharply Under Moon Administration

SEOUL, Oct. 21 (Korea Bizwire) — South Korea’s cumulative solar power capacity has more than quadrupled since President Moon Jae-in took office in 2017, a lawmaker said Wednesday. According to the data that Rep. Lee Joo-hwan of the main opposition People Power Party received from the National Assembly Budget Office and the Ministry of Trade, [...]

Korea East-West Power on Track to Install Solar Power Generation Blocks in Road Surface

Korea East-West Power on Track to Install Solar Power Generation Blocks in Road Surface

SEOUL, Aug. 23 (Korea Bizwire) — The state-run utility Korea East-West Power Co. announced that together with a local company, it had succeeded in developing road surface block-type solar power generation technology for the first time in South Korea. This technology enables the production of electricity by installing solar power generation blocks in various road [...]

Forecasting System to Reduce Volatility of Solar and Wind Power Generation

Forecasting System to Reduce Volatility of Solar and Wind Power Generation

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 [...]