South Korea Renewables Report - Business Monitor International - Industry Reports

South Korea Renewables Report

South Korea Renewables Report - Business Monitor International - Industry Reports
South Korea Renewables Report
Published Jul 09, 2016
31 pages — Published Jul 09, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

The wind sector in South Korea is picking up and the project pipeline has strengthened over the last several quarters. According to our Key Projects Database, there are -,---MW of wind projects in the planning stage and another -,---MW under construction. ...According to our Key Projects Database, there are -,---MW of wind projects in the planning stage and another -,---MW under construction. Some of the recent project announcements include: In July ----, European offshore wind consultancy Wind Minds signed a memorandum of understanding with Korean firm Doarm Engineering to develop two offshore wind projects of ---MW each in South Korea. The wind farms will be built near South Korea s Jeju Island. ...A strong project pipeline will ensure that wind power will become the largest contributor to the non-hydro renewables generation mix, accounting for around --.- by the end ----, up from --.- in ----.

...We believe that the full potential of South Korea s renewables industry will not be realised and the sector is expected to contribute just -.- to the country s total capacity and just -.- of the total generation in ----. Moreover, we warn that the availability of cheaper sources of power, notably nuclear and coal, will undermine investment and cloud government policy for renewable energy. ...Moreover, we warn that the availability of cheaper sources of power, notably nuclear and coal, will undermine investment and cloud government policy for renewable energy. For example, the ETS programme has been criticised for not being stringent enough to deter the burning of carbon-intensive coal, and the RPS targets have previously been pushed back, as companies have failed to meet their annual requirements, since the RPS was first implemented in ----. Coal is set to remain a key component of the power mix over the next decade due to the low cost of coal- fired power generation, not just in South Korea, but across the wider Asia region. Coal is set to maintain it s close to -- share of the power mix over the next decade. Similarly, the favourable cost-competitiveness of nuclear over other fuels leads us to believe that more new-build nuclear plants will come online in the country over the coming years, despite widespread public opposition to nuclear.

...This quarter, we have maintained out forecasts for South Korea s non-hydro renewable industry. We expect non-hydro renewables capacity to increase from -,--- megawatts (MW) in ---- to -,---MW in ----, amounting to an average annual growth of --.- . ...

  
Source:
Document ID
2050-8131
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "South Korea Renewables Report" Jul 09, 2016. Alacra Store. Dec 07, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/South-Korea-Renewables-Report-2026-1391>
  
APA:
Business Monitor International - Industry Reports. (2016). South Korea Renewables Report Jul 09, 2016. New York, NY: Alacra Store. Retrieved Dec 07, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/South-Korea-Renewables-Report-2026-1391>
  
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