Dubai Solar Park Phase 5 Project is officially signed

    South Korea recently announced a long-term plan for renewable complete rv solar kit energy, which will continue to reduce the use of coal and nuclear power and increase the development of renewable energy power.

    According to the plan, all coal-fired power plants in South Korea will be decommissioned by 2034, and the proportion of LNG power generation will be reduced from the current 32.3% to 31%; the number of nuclear power plants will be reduced from 26 to 17, with nuclear power installed in the total installed capacity The proportion will be reduced to 10%; the proportion of renewable energy in Korea’s energy structure will increase from the current 15.1% to 40%.

    It is understood that LNG currently accounts for the largest share of Korea's energy structure, followed by coal. According to the development plan formulated by South Korea, the proportion of renewable energy is expected to rise to 33.1% by 2030.

    However, a report recently released by Seoul Climate Solutions shows that Korea’s support for renewable energy seems to be out of balance. The report pointed out that South Korea's subsidies for biomass power generation projects are too high, which hinders the application of solar and wind technologies.

    According to the report, due to direct subsidies and other forms of financial assistance, South Korea's biomass power generation increased by 160% annually between 2012 and 2018.