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South Korea Renewables Report Q1 2013 - Product Image

South Korea Renewables Report Q1 2013

  • Published: November 2012
  • Region: South Korea
  • 31 pages
  • Business Monitor International

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Our short term outlook for renewable energy in South Korea is still extremely bullish, as the country’s public and private sectors are taking decisive steps to develop the sector. Having said that, a delay in the country’s flagship offshore wind project has prompted us to slightly revise down our longterm renewable forecasts. Despite this downward revision for offshore wind and the significant potential for growth among the other renewable technologies (excluding geothermal energy), we believe that offshore wind energy will still be the main driver of growth in the renewable sector over the long-term.

We are forecasting non-hydro renewable generation in South Korea to grow by 17.1% in 2013. This robust growth will be driven by all of the various types of renewable energy generation, as the government attempts to diversify the country’s energy mix through various programmes and targets.

This quarter, we have revised down our long term growth forecasts for non-hydropower renewable generation from 23.1% to 20.0% between 2013 and 2017. This is because of a lack of concrete progress on the country's flagship 2.5 gigawatt (GW) offshore wind READ MORE >

BMI View 5

SWOT Analysis 6

South Korea Renewables SWOT 6

Industry Forecast Scenario 7
Table: South Korea Total Electricity Generation Data And Forecasts, 2010 - 2017 7
Table: South Korea Total Electricity Generation Long Term Forecasts, 2015 - 2022 9
Table: South Korea Electricity Generating Capacity Data And Forecasts, 2010 - 2017 11
Table: South Korea Electricity Generating Capacity Long Term Forecasts, 2015 - 2022 12

Renewables Projects Database 17
Table: Major Projects – Renewables 17

Sustainable Energy Policy and Infrastructure 18

Targets (Renewables and Emissions) 18

Subsidies And Feed-In Tariffs 19

Infrastructure 19

Risk/Reward Ratings 21

South Korea Risk/Reward Ratings 21

Rewards 21

Risks 21

Competitive Landscape 22

Korea District Heating Corporation (KDHC) 22

Korea Hydro & Nuclear Power (KHNP) 22

Korea Southern Power (Kospo) 23

POSCO Corporation 23

Glossary of Terms 24
Table: Glossary of Terms 24

Methodology and Sources 25

Industry Forecasts 25

Renewables Industry - Data Methodology 26

Generation Data 26

Electricity Generation Capacity Data 26

Power Risk/Reward Ratings Methodology 27
Table: Power Risk/Reward Indicators 29

Sources 30

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