wind farm Archives | Be Korea-savvy
Capacity Utilization Rate Remains Low for S. Korea’s Largest Offshore Wind Farm

Capacity Utilization Rate Remains Low for S. Korea’s Largest Offshore Wind Farm

SEOUL, Oct. 19 (Korea Bizwire) — The capacity utilization rate remains low for South Korea’s largest offshore wind farm, located in the coastal waters of Buan in North Jeolla Province, primarily due to low wind velocity. According to the data that Rep. Han Moo-kyung of the People Power Party received from the Korea Electric Power [...]

Adding Green Energy to the Grid: Philips, HEINEKEN, Nouryon and Signify Form First Pan-European Consortium for Future Wind Farm

Adding Green Energy to the Grid: Philips, HEINEKEN, Nouryon and Signify Form First Pan-European Consortium for Future Wind Farm

Amsterdam, the Netherlands, Dec. 11 (Korea Bizwire) – Royal Philips, HEINEKEN, Nouryon and Signify have formed the first consortium to sign a Pan-European green energy deal securing additional renewable electricity for Europe. The four companies have a shared vision to further reduce CO2 emissions in support of the UN Paris Agreement and the European Green Deal objectives. [...]

Jeju Haenyeos Call for Cancellation of Offshore Wind Power Project

Jeju Haenyeos Call for Cancellation of Offshore Wind Power Project

JEJU, Sept. 25 (Korea Bizwire) — A group of “haenyeo,” or female divers in Jeju Island have voiced strong opposition ahead of the Jeju Provincial Council’s deliberations on the motion of the environmental impact assessment for the offshore wind farm in Gujwa-eup. About one hundred haenyeos who are members of the Handong-Pyeongdae fishing village fraternities [...]

Opening of New Dutch Wind Farm Puts Philips on Course to Becoming Carbon Neutral by 2020

Opening of New Dutch Wind Farm Puts Philips on Course to Becoming Carbon Neutral by 2020

Amsterdam, the Netherlands, May 16 (Korea Bizwire) – Following the opening of the Windpark Krammer in the southwest of the Netherlands in the presence of His Majesty King Willem-Alexander, Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, achieved another major milestone on the road to becoming carbon neutral by 2020. Under [...]

S. Korea to Increase Incentives for Wind Farms

S. Korea to Increase Incentives for Wind Farms

SEOUL, May 18 (Korea Bizwire) — South Korea will raise incentives for offshore wind farm operators and cut back subsidies on biomass producers to promote more eco-friendly energy sources, the energy ministry said Friday. The Ministry of Trade, Industry and Energy said it will adjust the incentive rates for renewable energy sources based on their [...]

DONG Energy and Global Infrastructure Partners to Form 50/50 Partnership to Build German Offshore Wind Farm Borkum Riffgrund 2

DONG Energy and Global Infrastructure Partners to Form 50/50 Partnership to Build German Offshore Wind Farm Borkum Riffgrund 2

New York, Aug. 7 (Korea Bizwire) — DONG Energy, one of Northern Europe’s leading energy groups, and Global Infrastructure Partners (GIP), a leading independent global infrastructure investor, jointly announced today that Global Infrastructure Partners III (GIP III), a fund managed by GIP, has entered into an agreement to acquire a 50% stake in the Borkum [...]