Increasing Wind Power Investment from Government and Private Sector in South Korea

Government has already committed KRW 373.7 Billion in renewable energy development in 2012

Release Date: 20-Nov-2012



South Korea has quickly carved a niche for itself in the renewable energy development in the world, with wind power coming up as the winner. The government is putting in commendable efforts to increase wind power generation and tap into the ample wind resources available in the country, onshore and offshore. The generation potential of the country is much better than many countries in the world and comparable to the giants of wind power generation. South Korea was wise to start generating wind power from the early 2000s and by the time the frenzy caught on the world, it is being counted as one among the pioneers, although the commercial production of the country still remains low.

Increasing the installed capacity by 100 times in just 12 (5.9 MW in 2000 to 577 MW in 2012) years certainly deserves regards to be given to the government. This could not have been possible without the government’s determination in bringing forth the wind power and realizing the potential that the country holds. When many countries even today struggle with a lack of policy structure for wind power development, South Korea had, in the very formative years of wind energy exploitation, developed proper frameworks to attract investors to the lucrative proposition.

While the government has definitely shown its resolve by bringing in the development rapidly, the private sector has matched the government’s efforts in every manner. The private entities started developing wind energy for power generation, adding on to the government’s efforts to include wind for power production as well as reaping the benefits of subsidies and other incentives provided as part of the government’s attraction scheme. Private investors sought the wind power development and are now increasingly becoming involved with the process after realizing the wind power potential and the plethora of business opportunities in the country.

The research study “South Korea Wind Power Sector Analysis” by KuicK Research shows that the government has already committed KRW 373.7 Billion in renewable energy development in 2012 and gives further details of this money being invested in various projects to help the country reach its target of including 10% power generated from renewable energy by 2022. The report also lists the various quotas of electricity produced by renewable sources of energy that will need to be included by the utility companies as part of the new Renewable Portfolio Standard policy.

For report sample contact us at info@kuickresearch.com or visit “South Korea Wind Power Sector Analysis".

 

Report Table of Contents


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

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