The quiet after the boom
Korea: South Korea has become one of Asias most attractive photovoltaics markets. Yet now, given that the government is not extending its financial assistance, the industry will have to reckon with a bitter setback. One could sense the apprehensive mood at South Koreas largest trade show, the Green Energy Expo in Daegu.
Driven by a government that is betting strongly on green technologies and which had been fueling solar energy with feed-in tariffs since 2004, South Korea has experienced a photovoltaics boom over the last few years. As late as 2008, a record volume of 280 megawatts had gone on line. Yet a temporary brake has been …
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