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Danish Renewable Energy Firm Taps into S. Korean Market

Danish Renewable Energy Firm Taps into S. Korean Market

SEOUL, Aug. 29 (Korea Bizwire) — Orsted A/S, the world’s largest offshore wind power producer, said Thursday it is seeking business opportunities in South Korea following the country’s plan to go green in power generation. The Danish state-run energy firm said it has recently completed the establishment of its Korean branch following South Korea’s announcement [...]

Over 80 pct of South Koreans Back Renewable Energy Expansion: Poll

Over 80 pct of South Koreans Back Renewable Energy Expansion: Poll

SEOUL, Sept. 17 (Korea Bizwire) — More than eight in 10 South Koreans favor the increased use of renewable energy on the grounds that it is clean and inexhaustible, a poll showed Monday. According to the survey of 1,003 South Koreans across the nation, 86.2 percent of respondents said they are in favor of the [...]

Ulsan’s Seosaeng-myeon an Optimal Spot for Floating Wind Turbines

Ulsan’s Seosaeng-myeon an Optimal Spot for Floating Wind Turbines

ULSAN, Aug. 13 (Korea Bizwire) — The city government of Ulsan has chosen the shores off Seosaeng-myeon as the optimal location to install floating wind turbines for a trial run for the first time in South Korea. The city has decided to test an offshore wind farm next year as part of a new innovative [...]

Residents Turn Against Wind Turbine Projects Along Baekdudaegan Mt. Range

Residents Turn Against Wind Turbine Projects Along Baekdudaegan Mt. Range

SEOUL, Nov. 29 (Korea Bizwire) – Discontent among residents living near Baekdudaegan – the mountain range that snakes through the heart of the Korean peninsula – is on the rise concerning the growing presence of wind turbines in the area. Approximately 40 percent of the nation’s wind energy production is generated from the east and [...]

Renewable Energy-based Electricity Trade Hits Record High in 2016

Renewable Energy-based Electricity Trade Hits Record High in 2016

SEOUL, Jul. 6 (Korea Bizwire) — The volume of electricity generated from renewable energy hit a record high last year, aided by a surge in power generation coming from biomass and by-product gas, data showed Thursday. According to the data compiled by the Korea Power Exchange, a total of 19.35 million megawatt-hours worth of electricity [...]

Shipbuilders Pull Out of Wind Power Biz amid Slump

Shipbuilders Pull Out of Wind Power Biz amid Slump

SEOUL, May 19 (Korea Bizwire) – South Korea’s major shipbuilders are pulling out of wind power generation projects as they are reeling from massive losses and a drawn-out slump in the global economy, industry sources said Thursday.  Since 2009, local shipyards, led by Hyundai Heavy Industries Co., have been tapping the alternative energy business sector [...]