SEOUL, Sept. 9 (Korea Bizwire) — Korea Southern Power Co. (KOSPO), a South Korean public power utility, has completed a wind power plant project in Jordan six years after it was launched. The company announced on Tuesday (local time) that it held a completion ceremony for the wind power plant worth 120 billion won (US$125 [...]
SEOUL, May 28 (Korea Bizwire) – South Korea’s leading steelmaker POSCO has joined hands with Orsted A/S, the world’s largest offshore wind power producer in the areas of offshore wind power and green hydrogen production. The two parties recently signed a memorandum of understanding (MOU) to promote a comprehensive partnership with a focus on domestic [...]
CHANGWON, May 6 (Korea Bizwire) — The southeastern city of Changwon, South Gyeongsang Province is rising as a platform to develop South Korea’s high-altitude wind power technology, the newest addition to a series of renewable energy sources. The Korea Electrotechnology Research Institute, state-run utility Korea Electric Power Corp., and the municipality of Changwon recently held [...]
JEJU, Oct. 28 (Korea Bizwire) — The provincial government of Jeju Island, which is famous for strong winds, plans to launch a project that uses wind power to produce electricity and then use the electricity to split water to produce hydrogen energy. This is an example of a so-called green hydrogen (P2G: Power to Gas) [...]
DAEJEON, Oct. 8 (Korea Bizwire) — A government-funded research institute announced on Wednesday that it had decided to fully disclose all of its wind and solar power-related public data. The data that the Korea Institute of Energy Research (KIER) will open to the general public is a new and renewable energy resource atlas that provides [...]
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 [...]
SEOUL, July 19 (Korea Bizwire) — Doosan Heavy Industries & Construction Co., South Korea’s largest power plant builder, set an ambitious plan Sunday to boost its annual sales from its offshore wind farm business to over 1 trillion won (US$830 billion) by 2025, more than what it has generated over the past decade. Doosan Heavy [...]
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, 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 [...]
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 [...]