SEOUL, Dec. 15 (Korea Bizwire) – Amazon has initiated its inaugural foray into renewable energy investments in South Korea. The company revealed on Thursday that it has committed funding to a venture aimed at constructing a 60-megawatt (MW) solar power facility in the southwestern region of South Korea. The specific investment amount and plant location were [...]
SEOUL, Nov. 15 (Korea Bizwire) – On Tuesday, KEPCO announced its adoption of a one-strike policy, including the possibility of dismissal, in response to a swift investigation prompted by the National Audit Office. The audit revealed that numerous employees had breached their non-competition obligations, engaging in the solar power business and fueling a fairness controversy. In [...]
SEJONG, Aug. 25 (Korea Bizwire) — A large-scale data center integration complex is planned to be established in South Jeolla Province to utilize the region’s abundant solar electricity. The Ministry of Trade, Industry and Energy said Thursday it had entered a memorandum of understanding (MOU) with the South Jeolla provincial government and the Korea Electric [...]
SEOUL, June 11 (Korea Bizwire) — Solar power generation accounted for close to 40 percent of South Korea’s overall electricity demand at one point in April, industry data showed Sunday, suggesting it has emerged as a major source of energy in the country. A total of 21,778 megawatts was generated through solar power between noon [...]
SEOUL, March 27 (Korea Bizwire) — The government has decided to suspend or reduce the solar power generation of some facilities in South Jeolla and South Gyeongsang provinces starting next month, as the increase in solar power generation is bringing about difficulties in the operation of the national power grid. The Ministry of Trade, Industry [...]
SEOUL, Feb. 9 (Korea Bizwire) — South Korea’s exports of solar panels and other related parts jumped 38 percent on-year in 2022 on the back of major nations’ push to expand renewable energy development, the industry ministry said Thursday. Outbound shipments of solar panels, solar cells, solar wafers and other items combined came to US$1.64 [...]
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 [...]
SEOUL, July 12 (Korea Bizwire) — Hanwha Solutions Corp., a key energy unit of South Korean conglomerate Hanwha Group, said Tuesday it will work with a German renewable energy firm to push for a 500 megawatt (MW) solar power development project in the European country in a bid to tap deeper into the region with [...]
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 [...]
SEOUL, Jan. 27 (Korea Bizwire) — South Korea’s largest solar power plant built in partnership with local communities began operations in the southwestern county of Shinan on Wednesday. The solar farm covers an area of 1.42 million square meters, encompassing four towns in the county. The complex holds a capacity of 150 megawatts, and is [...]