SEOUL, May 25 (Korea Bizwire) — South Korean tech giant Kakao Corp. said Wednesday it will join RE100 and transition to 100 percent renewable energy by 2040. RE100 is a global corporate initiative designed to shift energy use to renewable sources as a way to respond to climate change and other environmental issues. Kakao plans [...]
SEOUL, May 3 (Korea Bizwire) — SK E&S Co., an energy unit of South Korean conglomerate SK Group, said Tuesday it will supply electricity generated from renewable energy to German chemical giant BASF S.E. The two parties signed a power purchase agreement (PPA) in Seoul on April 18. As per the terms of the agreement, [...]
SEOUL, March 9 (Korea Bizwire) — South Korean solar cell maker Hanwha Q Cells said Wednesday it has launched a service to predict the power output of renewable energy, making full strides into the distributed energy market. The renewable energy power output prediction system was introduced to ensure accurate predictions of highly volatile renewable energy [...]
SEOUL, Jan. 27 (Korea Bizwire) — Financial benefits for residents, farmers and fishermen who have invested in the construction of solar power plants or wind farms are about to increase, the industry ministry said Thursday. The Ministry of Trade, Industry and Energy announced that it will put up an administrative notice to amend several parts [...]
JEJU, Jan. 13 (Korea Bizwire) – The provincial government of Jeju Island said Thursday it will establish energy storage systems (ESS) at three sites on the island on a gradual basis by 2026 as part of efforts to ensure the stable storage and supply of renewable energy power. The three ESS will have a combined [...]
SEOUL, Nov. 4 (Korea Bizwire) — The government plans to readjust the renewable energy distribution goals and renewable portfolio standards (RPS) with the aim to make the policy more realistic. The Ministry of Trade, Industry and Energy on Thursday announced plans to improve policies on renewable energy in response to the changing energy environment. First, [...]
SEOUL, Oct. 18 (Korea Bizwire) — Nearly 8 out of 10 Seoul citizens are willing to install renewable energy power facilities such as solar panels at home as part of efforts to better cope with climate change, a survey showed Monday. Korea Beyond Coal, a network of environmental and civic groups, conducted a survey of [...]
Zurich, Switzerland, Sept. 20 (Korea Bizwire) — Hitachi Energy, a global technology leader that is advancing a sustainable energy future for all, today announced it was selected by Transmission Developers Inc., a Blackstone portfolio company specialized in renewable power development, to supply a high-voltage direct current (HVDC) converter station that is a key part of the transmission [...]
United Nations, New York, Sept. 19 (Korea Bizwire) — At the start of the high-level opening week of the 77th UN General Assembly, representatives from UN Member States and development agencies joined CEOs and CFOs from UN Global Compact participant companies at this year’s Private Sector Forum (PSF) to call for increased investment in renewable energy to [...]
SEOUL, Sept. 19 (Korea Bizwire) – The ruling People Power Party (PPP) launched a task force aimed at uncovering alleged corruption in the spending of government funds set aside to promote the installation of solar panels to enhance renewable energy generation in the previous administration. The move follows recent findings by the Office of Government [...]