South Korean government announces 2.1 GW floating PV project
The huge floating plant is expected to be located on a water surface close to the Saemangeum, an estuarine tidal flat on the coast of the Yellow Sea. Construction on the facility is planned to start in the second half of next year. Around 4.6 trillion won ($3.9 billion) of private funds will be invested in the project.
South Korea to raise renewables target to 129 GW by 2040
Under the South Korean government’s new strategy, renewables would cover up to 35% of total power demand by 2040. The government sees the potential to deploy up to 235 GW of solar and wind, but cites a lack of land and relatively low solar radiation as factors that could hinder growth.
South Korea to prioritize PV projects with low carbon footprint, high-efficiency modules
The Korean government is planning to introduce new rules for carbon footprint certification, minimum efficiency levels and industrial standards for solar and wind energy. The measures are intended to make the domestic renewable energy industry grow while securing sustainable competitiveness, the administration said.
Korean utility develops blockchain-based micro-grid
The micro-grid will convert electricity into hydrogen by using a power-to-gas technology.
South Korea to set new PV construction rules after landslide destroys array
The South Korean government has revealed plans to introduce new environmental guidelines and rules on where PV projects can be built, following a public outcry after a landslide smashed into an operational solar array south of the city of Daegu.
Storage pipeline grows to 10.4 GW, installations reached 1.9 GW in 2017, finds IHS Markit
Analyst data records 53% annual growth in storage in 2017, rising to 1.9 GW as South Korea climbed to top of the tree in terms of cumulative capacity. Global project pipeline has soared to 10.4 GW.
Global storage growth of 4.6% in 2017 reflects patchy state of sector, finds BNEF
Despite hitting a record 1.17 GW of new grid-scale storage capacity in 2017, growth was a mere 4.6% on 2016 having surged 61% the year prior. Industry’s reliance on policy support means foundations for growth remain uneven, report finds. Average costs, however, fell by 24% last year.
South Korean state energy firm plans 100 MW floating PV project
Korea Hydro & Nuclear Power signs memorandum of understanding with solar developer, Hwaseong Solar Energy to construct what would be nation’s largest floating solar farm on western coast.
Solar installations to soar under new South Korean energy plan
South Korea’s total installed renewables capacity will spike to 58.5 GW by 2030, from just 11.3 GW at present, under a new energy plan that prioritizes solar and wind development over nuclear generation.
China adjusts anti-dumping duties on polysilicon from South Korea
The new anti-dumping duties are effective from November 22 and range from 4.4% to 113.8%.
