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 [...]
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 [...]
SEOUL, Nov. 17 (Korea Bizwire) – South Korea opened its first commercial wind power plant on the southern island of Jeju on Friday, stepping up its renewable energy initiative, a state-run utility company said. Korea South-East Power Co., which is wholly owned by the state-run Korea Electric Power Corp., said the 30-megawatt complex, composed of [...]
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 [...]
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 [...]
SEOUL, Nov. 24 (Korea Bizwire) - LG Chem Co., South Korea’s top chemicals and battery maker, said Tuesday that it has signed a deal to provide an energy storage system (ESS) for a local wind power generation complex in the country. Under the deal with private power generator GS E&R, LG Chem will supply the system [...]