The Financial Express

S Korea aims to boost renewable power generation

| Updated: December 30, 2017 13:02:34

S Korea finalises energy plan

South Korean government has finalised a power supply plan that aims to make renewables the country’s fuel of choice for power generation for the next 15 years, its energy ministry said on Friday.

The government have planned to outline the gradual reduction in use of coal and nuclear fuel as the usage of gas and renewables for power generation increased over 2017-2031.

South Korea plans to meet 20 per cent of its total electricity consumption with renewables by 2030, according to Reuters.

To achieve that goal, Asia’s fourth-largest economy aims to increase its installed capacity of renewable power to 58.5 gigawatts (GW) by 2030, from 11.3 GW this year.

Last week, the energy ministry said the plan called for adding 30.8 GW of solar power generating capacity and 16.5 GW of wind power capacity.

South Korea now generates more than 70 per cent of its power from coal and nuclear, while renewables account for 6.0 per cent.

Under the plan, coal’s share of power generation will fall to 36.1 per cent in 2030 and nuclear to 23.9 per cent, but the sectors will still make up more than half of the country’s total power generation at the end of the next decade.

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