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South Korea Wind Power Sector Analysis

  • ID: 2225691
  • Report
  • August 2012
  • Region: South Korea
  • 80 Pages
  • Kuick Research
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FEATURED COMPANIES

  • Hyundai Heavy Industry
  • Samsung Heavy Industry
  • Unison
  • Vestas Wind Systems
  • MORE
Wind is one of the most abundant resources available for South Korea which has not been blessed with considerable conventional energy resources. Wind energy provides the key to the independence of South Korea from its distinguished statistics in terms of energy imports. It is the 5th largest importer of crude oil, 3rd largest of coal and 2nd largest importer of LNG, all of which constitutes for sufficing 97% of the country's energy needs. Wind energy development has shown the government the path to be taken to curb its increasing import reliance amidst the growing population and energy demand.

Over the last decade, from 2000 to 2011, wind energy installed capacity has grown from 5.9 MW to more than 400 MW and is increasing at a rapid pace. The sector has recently been reformed which had stunted the growth a little bit but now with the reforms in place already, the capacity is growing and is expected to take the fast track to growth. To augment the rapid growth of wind energy in the country, the domestic heavy industries have taken upon themselves the onus of manufacturing the wind turbine generators that will reduce the sector's dependence on imports and will also result in the reduction of wind energy production costs. The Feed in Tariff policy of the government has now been replaced by the Renewable Portfolio Standard. The research report points out to the various reasons behind this reform one of which was the low revenue given to wind generated electricity as compared to solar and hydro power.

The research report is a detailed text that emphasizes on the bright future of wind energy in South Korea. It gives details to all the necessary facets required to bring about an organized wind power growth. The report details the targets and gives precise plans of the government to achieve these ambitious renewable energy targets and how exactly the country will go about the Low Carbon Green Growth Policy in the coming years to develop its most abundant resource.
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FEATURED COMPANIES

  • Hyundai Heavy Industry
  • Samsung Heavy Industry
  • Unison
  • Vestas Wind Systems
  • MORE
1. South Korea Wind Power Sector Landscape

2. Wind Power Resources
2.1 Onshore & Offshore Reserves
2.2 Onshore & Offshore Wind Map by Speed & Density

3. Wind Power Sector Indicators
3.1 Onshore
3.2 Offshore

4. Operating Wind Farms
4.1 Onshore Wind Farms
4.2 Offshore Wind Farms

5. Wind Power Feed In Tariff Structure

6. Wind Turbine Manufacturing

7. Emerging Trends
7.1 United Kingdom and South Korea Alliance for Offshore Wind Power
Development
7.2 Rising Investments from Government & Private Sector
7.3 Focus on Clean Energy to Drive Wind Power Installation
7.4 Development of World's Largest Offshore Wind Farm
7.5 Super Sized Ships to Install Offshore Wind Turbines
7.6 South Korean Companies Developing Foreign Wind Farms

8. Wind Power Future Outlook
8.1 Onshore
8.2 Offshore

9. Regulatory & Policy Framework
9.1 Low Carbon, Green Growth Policy
9.2 Renewable Portfolio Standard Energy Policy

10. PEST Analysis
10.1 Political Analysis: Government Investments & Knowledge Sharing Policy
10.2 Economic Analysis: Low Cost Wind Power & Rising Energy Import Bill
10.3 Social Analysis: Increasing Social Acceptance
10.4 Technology Analysis: Transfer of Technology & International Collaborations

11. Competitive Landscape
11.1 Hyundai Heavy Industry
11.1.1 Business Overview
11.1.2 Turbine Portfolio
11.2 Samsung Heavy Industry
11.2.1 Business Overview
11.2.2 Turbine Portfolio
11.3 Daewoo, Shipbuilding & Marine Engineering
11.3.1 Business Overview
11.3.2 Turbine Portfolio
11.4 Doosan Heavy Industry and Construction
11.4.1 Business Overview
11.4.2 Turbine Portfolio
11.5 Unison
11.5.1 Business Overview
11.5.2 Turbine Portfolio
11.6 Vestas Wind Systems
11.6.1 Business Overview
11.6.2 Turbine Portfolio
11.7 Korea Electric Power Corporation

List of Tables:

Table 4-1: Operating Wind Farm by Capacity (MW)& Number of Turbines, May'2012

List of Figures

Figure 1-1: Electricity Generation Capacity by Fuel, 2011
Figure 1-2: Renewable Energy Installed Capacity (MW), 2010 & 2011
Figure 1-3: Renewable Energy Growth (%), 2002-2007 & 2007-2011
Figure 1-4: Share of Renewable Energy in Generation Capacity, 2007 & 2011
Figure 1-5: Wind Power Capacity Growth in South Korea in Comparison to Asian during 2006-2011
Figure 1-6: Share of Wind Power in Renewable Energy Capacity, 2010 & 2011
Figure 1-7: Share of Wind Power in Electricity Generation, 2007 & 2011
Figure 1-8: On & Off Shore Wind Power Installed Capacity (MW), June'2012
Figure 1-9: Number of On & Off Shore Wind Turbines, June'2012
Figure 2-1: Onshore & Offshore Wind Reserves (GW)
Figure 2-2: Onshore & Offshore Wind Power Generation Potential (GWh)
Figure 2-3: Onshore Wind Power Potential by Province (GW)
Figure 2-4: Onshore Wind Power Generation Potential by Province (GWh)
Figure 2-5: Offshore Wind Power Potential by Province (GW)
Figure 2-6: Offshore Wind Power Generation Potential by Province (GWh)
Figure 2-7: Onshore Wind Speed Map at 60 Meters
Figure 2-8: Onshore Wind Density Map at 60 Meters
Figure 2-9: Onshore Wind Speed Map at 80 Meters
Figure 2-10: Onshore Wind Density Map at 80 Meters
Figure 2-11: Onshore Wind Speed Map at 100 Meters
Figure 2-12: Onshore Wind Density Map at 100 Meters
Figure 2-13: Onshore Wind Speed Map at 120 Meters
Figure 2-14: Onshore Wind Density Map at 120 Meters
Figure 2-15: Offshore Wind Speed Map at 80 Meters
Figure 2-16: Offshore Wind Density Map at 80 Meters
Figure 2-17: Offshore Wind Speed Map at 100 Meters
Figure 2-18: Offshore Wind Density Map at 100 Meters
Figure 2-19: Offshore Wind Speed Map at 120 Meters
Figure 2-20: Offshore Wind Density Map at 120 Meters
Figure 3-1: Wind Power Installed Capacity (MW), 2000 - 2011
Figure 3-2: Wind Power Installed Capacity Growth, 2001-2011
Figure 3-3: Wind Power Generation (GWh), 2000 – 2011
Figure 4-1: Wind Power Installed Capacity by Turbine Manufacturer, May'2012
Figure 4-2: Number of Wind Installed Turbine by Company, May'2012
Figure 5-1: Wind Power Tariff (KRW/kWh), 2010 & 2011
Figure 7-1: Renewable Energy Capacity Target (GW), 2012-2022
Figure 8-1: 3rd Renewable Energy Supply Plan Targets for Wind Energy (GWh), 2015, 2020 & 2030
Figure 8-2: Wind Power Installed Capacity (MW), 2012-2015
Figure 8-3: Offshore Wind Power Installed Capacity Target (MW), 2013, 2016 & 2019
Figure 9-1: Renewable Portfolio Standards (RPS) Quota, 2012-2022
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- Hyundai Heavy Industry

- Samsung Heavy Industry

- Daewoo, Shipbuilding & Marine Engineering

- Doosan Heavy Industry and Construction

- Unison

- Vestas Wind Systems

- Korea Electric Power Corporation
Note: Product cover images may vary from those shown
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