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South Korea Renewables Report Q1 2016

  • ID: 3554547
  • January 2016
  • Region: South Korea
  • 28 pages
  • Business Monitor International
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South Korea will remain dependent on coal and nuclear for its power generation over our 10-year forecast period, despite small gains made with its renewable energy expansion. The prevalence of cheaper fuels will undermine investment into the renewables sector, but we note that the project pipeline for wind power has strengthened over the last six months. We expect 3.3GW of installed wind capacity by 2024.

Latest Updates And Structural Trends
- In July 2015, European offshore wind consultancy Wind Minds signed a memorandum of understanding with Korean firm Doarm Engineering to develop two offshore wind projects of 100MW each in South Korea. The wind farms will be built near South Korea's Jeju Island.

- South Korean chemical company LG Chem signed an agreement in November with local power producer GS E&R to reportedly develop the world's largest wind energy storage project in South Korea.

Under the deal, LG Chem will install a 50MWh storage system at a wind farm in Yeongyang, North Gyeongsang province.

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Table: Renewables Headline Forecasts (South Korea 2014-2020)

SWOT

Industry Forecast

South Korea Renewables Forecast Scenario

Latest Updates

Structural Trends
Table: South Korea Non-Hydro Renewables Generation Forecasts, 2013-2018
Table: South Korea Non-Hydro Renewables Generation Forecasts, 2019-2024
Table: South Korea Non-Hydro Renewables Capacity, 2013-2018
Table: South Korea Non-Hydro Renewables Capacity, 2019-2024

South Korea Renewables Projects Database
Table: Key Renewables Projects

Industry Risk Reward Index

South Korea Renewables Risk/Reward Index

Rewards

Risks

Market Overview

Sustainable Energy Policy and Infrastructure

Targets
Table: Supply Targets For New And Renewable Energies

Subsidies

Infrastructure

Competitive Landscape

Korea District Heating Corporation (KDHC)

Korea Hydro & Nuclear Power (KHNP)

Glossary
Table: Glossary Of Terms

Methodology

Methodology And Sources

Industry Forecast Methodology

Sources

Risk/Reward Index Methodology
Table: Renewables Risk/Reward Index Indicators
Table: Weighting Indicators

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