Wood Mackenzie power and renewable energy division in March 28, 2019 in Seoul, South Korea, seminar for the first time. From research and consulting team three consultants share their electricity market research for South Korea, and other According to our forecast for Korea electric power market, the south Korean renewable energy proportion will be around 17% in 2030, slightly below its target of 20%. ”
shortly after he took over in Yin President, the south Korean government announced its electric power development plan, plan implementation in 2030 accounted for 20% of energy needs from renewable sources. However, renewable energy power given by 2018 only 7%.
in order to achieve this goal, South Korea has announced plans to restrict coal-fired power plant operation, limiting new nuclear reaction, and phasing out nuclear project, in service to accommodate more renewable energy power generation.
“ South Korea's renewable energy targets very ambitions. We are starting to see the positive steps in to implement green energy. ” Wood Mackenzie, chief adviser Neoh Zi Sheng said. In the next 10 years, South Korea renewable energy capacity will be increased from 2019 to 60. 5 gw, photovoltaic and wind power will become the main sources of energy.
article in Yin government is planning to build new describe 3 gw pv projects, and grid in 2020. However, this project will face the economic feasibility of photovoltaic system, the local industry market and the environment. “ Despite the challenges, we expect at least 1 gw pv capacity grid would proceed as planned. The project may be four stages deployment, capacity from 0. 3 to 0. 8 gw, & throughout; Neoh added, & other; To 2030, the south Korean pv capacity will reach 37. 5 gw, is four times the size of 2019. Photovoltaic roof or distributed photovoltaic will account for larger proportion. ”
just like photovoltaic (pv), South Korea offshore wind power will also be greatly increased. Sea capacity is expected to reach 6 in 2030. Gw 4, 64 times that of 2019. “ Expand the scale of the offshore wind power development is the development of the important factors that national projects, by encouraging and using the experience in the shipping industry in South Korea, to build a mature offshore wind power supply chain, including floating technique. ” Advanced wind power analyst Robert Liew said.
the Norwegian oil group Equinor for floating type very interested in technology, at the same time, the world's largest offshore wind developers & Oslash; Rsted are actively looking for development of South Korea's offshore wind market opportunity. Recently, ulsan boulder city, the local government and project developer alliance signed a memorandum of understanding, the developer alliance including the Shell, Denmark Copenhagen Infrastructure technology companies Hexicon and Partners, and Sweden, Canada Principle Power, large-scale floating type wind Power projects.
to solve the problem of intermittent renewable energy, the energy storage system is also essential. “ South Korea policy incentives provided by the government will promote 440 billion won ( About 3. $39. 9 billion) Energy storage investment, equivalent to 800 MWH energy storage capacity. We expect the market will be more active in South Korea. ” Advanced energy storage Xu Le analysts said.
“ In order to reduce costs, industry and commerce enterprise to sign the power purchase agreement given way to promote renewable energy. The most important thing is that each year and renewable energy quota system target and LuZheng should undertake annual review, to ensure that these mechanisms to create a fair atmosphere for the consumer, creating an attractive investment for investors market, to promote renewable energy growth in South Korea. ” Neoh concluded.