In today’s Electrek Green Energy Brief (EGEB): South Korea: net zero by 2050 In July, as Electrek reported, South Korea announced a plan to spend $95 billion to help its economy recover from the pandemic and create jobs. The plan set a goal of net zero by 2050, an end to funding of overseas coal […]
South Korea’s Moon targets carbon neutrality by 2050
SEOUL: President Moon Jae-in of South Korea, one of the world’s most fossil-fuel reliant economies, said on Wednesday the country will go carbon neutral by 2050. The announcement comes after Japan earlier this week said will cut greenhouse gases to zero by 2050 and become a carbon-neutral society, a major shift in position on climate […]
SK Broadband to build a renewable hyperscale data centre in South Korea
SK Broadband, a subsidiary of SK Telecom, has announced plans to build a renewable hyperscale data centre and start-up cluster in the Saemangeum area of South Korea. The new facility aims to develop Saemangeum in Gunsan, North Jeolla Province, into Northeast Asia’s data centre hub, together with SK group’s energy affiliate SK E&S, which recently […]
Sungrow Makes Significant Headway in South Korea with Latest Product Innovations
DAEGU, South Korea: Sungrow, the global leading inverter solution supplier for renewables, is showcasing the Company’s state-of-the-art PV and energy storage portfolio at this year’s South Korean Green Energy Expo which was postponed to July 15-17 due to the pandemic, furthering its commitment to renewable energy and expanding its presence in the emerging solar market. […]
South Korean power company eyes $650m renewable energy project in Indonesia
A South Korean power producer is looking to finance a hydropower plant project in Central Java that would be the coal buyer’s first renewable energy deal with Indonesia. Korea Southern Power (KOSPO) is currently reviewing a feasibility study to develop the 230-megawatt (MW) Maung hydropower plant in Banjarnegara, Central Java, with Indonesian state-owned construction firm […]
Lithium batteries: Far more widely recycled than second-hand statistics imply
Lithium-ion batteries are far more widely recycled than many people think, while China and South Korea are already leaders of the emerging circular economy of lithium, a report commissioned by the Swedish Energy Agency has found. An often-cited figure is that “5% of lithium-ion batteries are recycled”, when in fact this statistic, taken originally from […]
South Korea fires up on renewables, to close more coal plants
SEOUL: As renewable energy powers up in South Korea, coal-fired generation, long the bedrock of the country’s electricity supply, is being tapped to give up room. Facing choking smog in its major cities and under pressure to meet emission reduction targets, the world’s fourth-biggest coal importer is expected to accelerate targets for green energy in […]
South Korea confirms plans to step up shift to renewable power
South Korea’s energy ministry said it had finalised plans to raise the share of the country’s power output generated from renewable sources amid growing criticism over its air quality. South Korea’s energy ministry on Tuesday said it had finalised plans to raise the share of the country’s power output generated from renewable sources to as […]
US to become world’s largest market for grid-connected energy storage
New research suggests solar combined with battery storage as well as peaking capacity requirements are driving increased procurement The US is projected to take over South Korea as the world’s largest market for grid-connected energy storage this year. That’s according to new research, which suggests solar combined with battery storage as well as peaking capacity […]
South Korea steps up shift to cleaner energy, sets long-term renewable power targets
SEOUL: South Korea plans to boost the share of its energy output generated from renewable sources to as much as 35 percent by 2040, a draft revision to government policy showed on Friday, over four times the current amount. Asia’s fourth-largest economy has been pushing to shed its heavy reliance on coal and nuclear power, […]