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South Korea Renewables Report Q1 2016

  • January 2016
  • -
  • Business Monitor International
  • -
  • 28 pages

Includes 3 FREE quarterly updates

BMI View: 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 ofcheaper fuels will undermine investment into the renewables sector, but we note that the project pipeline forwind 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 understandingwith Korean firm Doarm Engineering to develop two offshore wind projects of 100MW each in SouthKorea. 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 powerproducer 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, NorthGyeongsang province.

Table Of Contents

South Korea Renewables Report Q1 2016
BMI Industry View 5
Table: Renewables Headline Forecasts (South Korea 2014-2020) 5
SWOT 6
Industry Forecast 7
South Korea Renewables Forecast Scenario 7
Latest Updates 7
Structural Trends 8
Table: South Korea Non-Hydro Renewables Generation Forecasts, 2013-2018 11
Table: South Korea Non-Hydro Renewables Generation Forecasts, 2019-2024 12
Table: South Korea Non-Hydro Renewables Capacity, 2013-2018 13
Table: South Korea Non-Hydro Renewables Capacity, 2019-2024 14
South Korea Renewables Projects Database 15
Table: Key Renewables Projects 15
Industry Risk Reward Index 16
South Korea Renewables Risk/Reward Index 16
Rewards 16
Risks 16
Market Overview 17
Sustainable Energy Policy and Infrastructure 17
Targets 17
Table: Supply Targets For New And Renewable Energies 17
Subsidies 18
Infrastructure 19
Competitive Landscape 20
Korea District Heating Corporation (KDHC) 20
Korea Hydro and Nuclear Power (KHNP) 20
Glossary 22
Table: Glossary Of Terms 22
Methodology 23
Methodology And Sources 23
Industry Forecast Methodology 23
Sources 25
Risk/Reward Index Methodology 25
Table: Renewables Risk/Reward Index Indicators 27
Table: Weighting Indicators 28

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