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South Korea solar installed capacity will increase five times by 2030

[ The published date :2017-12-28     Editors : admin ]

According to the South Korean trade, industry and energy minister,the South Korean government plans to increase five times in solar installed capacity by 2030.

South Korean President Moon Jae-in made a promise that we will stop supporting new nuclear projects and adopt an eco-friendly energy structure in his campaign.After taking office, the new President kept his promise to cancel the construction of six new nuclear reactors.

In spite of that,South Korea remains the fifth-largest nuclear power in the world with 24 active reactors, they can meet the electricity demand of nearly a third of the country. 

South Korea's trade, industry and energy ministry explained that "we will fundamentally transform our energy resources towards renewable energy and create an environmentally friendly environment."

"South Korea plans to increase its renewable energy generation from 7% in 2016 to 20% by 2030." Reuters said. To achieve this, South Korea plans to add 30.8 gigawatts of solar power and 16.5 gigawatts of installed wind capacity. By 2017, South Korea has 5.7 gigawatts of solar installed capacity and 1.2 gigawatts of wind power.

South Korea's trade, industry and energy ministry said: "new renewable energy capacity will come from major projects and will promote the use of renewable energy by households, farms and small businesses."