REGULATION | Staff Reporter, Korea

Korea wraps up energy strategy to zero in on renewables

It will be a 15-year power supply plan.

Enerdata reported that the Energy Ministry of South Korea has finalised a 15-year power supply plan focused on renewable power generation.

The 2017-2031 plan outlines a gradual reduction in coal and nuclear consumption, to the advantage of gas and renewable power generation. The share of coal in power generation should fall to 36.1% in 2030, while that of nuclear would dip to 23.9%; these two energies, which currently account for more than 70% of the power mix, would still account for more than half of the country's total power generation in 2030.

By 2030, renewable capacity should increase from 11.3 GW in 2017 to 58.5 GW, in order to cover 20% of total electricity consumption by this date (up from the current 6%).

This article was originally published by Enerdata.

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