Korea

South Korea’s ODIN, G8 partner to develop offshore, marine RE projects

The companies seek to develop a charging tower powered by wind amongst others.

South Korea’s ODIN, G8 partner to develop offshore, marine RE projects

The companies seek to develop a charging tower powered by wind amongst others.

Renewable growth is grappling in South Korea

Could this be due to geographical barriers, prices, or the presidential elections?

Doosan Heavy installs 8MW offshore wind turbine in South Korea

Standing 232.5 metres high, it is the country’s largest wind turbine to date. 

South Korea’s renewable electricity output rises 30% YoY in 2021

The increase was led by solar and biomass, according to IEA.

BlackRock Real Assets acquires offshore wind developer in Korea

This is the company’s first venture into Korea's offshore wind market.

South Korea’s National Pension Service curbs investments in coal

The NPS is considered the world’s third largest pension fund.

South Korea pushes for bigger cuts in GHG emissions

The country also pledged $5m for a green fund to boost renewables in developing countries.

South Korea reveals plans for 6 GW offshore wind farm

The project would require a whopping $32.8b investments to complete.

South Korea’s first floating wind project forges ahead

The country aims to increase offshore wind capacity by 16.5 GW.

South Korea launches its largest 2 GW solar capacity tender

The country is expected to allocate 4 GW of solar capacity in 2021 across two tenders.

South Korea ends state financing of overseas coal projects amidst mounting US pressure

The country has been facing strong public criticism for supporting coal-powered projects.

South Korea jacks up renewable energy quota to 25%

The new quota, which represents a sizeable increase from the current 9% target, will be implemented in October.

KOSPO taps GE for gas turbines for new South Korea power plant

The gas turbines will generate power with lower NOx emissions.

KEPCO's revenue buoyed by declining fuel costs

Cost reduction could outweigh Korea’s declining power demand in 2020.

KEPCO warned over coal projects in Vietnam, Indonesia

BlackRock sought rationale from the South Korea utility for the investments.

South Korea unveils 14-year plan to shift from thermal to renewables

It envisions the closure of nuclear power units from 26 to 17.

South Korea urged to double renewables target

The government currently aims to raise the share of renewables to 20%.