South Korea has announced a long-term energy plan, shifting from fossil fuels and nuclear energy to more home solar power system kit renewable energy.
The plan envisages that by 2034, the proportion of renewable energy in Korea ’s energy mix will increase from the current 15.1% to 40%. At the same time, the proportion of LNG power generation will fall from 32.3% to 31%.
At the same time, by 2034, all 30-year-old coal-fired power plants will be decommissioned, there are about 30 factories, a total of 60 are currently in operation. An earlier report by South Korean media stated that about 24 coal-fired power plants will be switched to natural gas for power generation.
By 2034, the proportion of nuclear energy will also drop significantly. Currently, LNG is the largest part of South Korea ’s energy structure, followed by coal, which accounts for 27.1% of the total. Nuclear energy accounts for 19.2% of energy production. By 2030, the share of nuclear power in the energy mix will drop to 11.7%, and by 2034 it will further drop to 9.9%. By 2030, the proportion of renewable energy should rise to 33.1% and reach the target of 40% four years later.
Although the government has ambitious renewable energy targets, the support for renewable energy seems to be disproportionate. A recent report by a non-profit organization shows that South Korea ’s subsidies for biomass energy projects are so large that they have begun to affect solar and wind energy projects.
The report written by Seoul's Solutions for our Climate stated that the high subsidies for biomass energy have led to a significant drop in the price of renewable energy certificates, which has caused utilities to invest in new solar or wind energy. You have to think twice about generating capacity.
Renewable energy certificates are issued by the government to public utilities including renewable energy. Utilities that develop biomass power generation projects have received more direct investment than companies that focus on solar and wind energy.
This shows that this shift will not be smooth, but it is undoubtedly a huge shift for one of the largest energy importers in Asia and the world.
-
10kw Home Solar System-Trinidad and TobagoAre you tired of constantly worrying about rising electricity bills ? Look no further! Our solar power systems are the perfect solution for you. Just ask our satisfied customer from Trinidad and Tobago, who recently purc
Do you like ?0
Read more -
Village in the mountains with solar system“We have to go back and forth several hundred meters to fetch water from the mountain every day,” a villager told us. "Our village has been living in the mountains for generations. Travel is not that convenient, and water and electricity
Do you like ?0
Read more -
100KW Commercial Solar Power Will Be Soon In Nigeria HotelDavid, a Nigerian resident living in Guangzhou, China, has become a true "China expert" after spending 20 years in the country. His family in Nigeria operates 15 hotels, and David is responsible for procu
Do you like ?0
Read more -
Let factories use electricity for freeThe Philippines has abundant sunshine, and the solar system can start generating electricity at 6.30 in the morning and stop generating electricity at around 17.30 in the afternoon. The peak power generation is between 10.00 and 15.00. A cus
Do you like ?0
Read more -
5KW Off-grid Solar Setup In Congo HospitalWith Mars solar off-grid solar setup, a hospital from democratic republic of the Congo now harnessing the power of the sun to run medical appliances. Here are some highlights of Mars off-grid solar system's fun
Do you like ?0
Read more -
Mars Half-Cell Solar Panel Vs Another Half-Cell Solar PanelTOPCon half-cell solar panels have the following features: 1. High efficiency: TOPCon’s silicon wafer efficiency can reach up to 25.2%, which is 2% higher than other solar panels. It is expected that by the second half of 2023, TOPCon can reach 26
Do you like ?0
Read more