Last year, 4.8GW of renewable energy supply… Adoption is slowing

Renewable energy supply performance by year. Provided by the Ministry of Trade, Industry and Energy.

It was found that the amount of renewable energy supply last year exceeded the target. However, the rate of penetration has slowed compared to the previous year due to restrictions on location of solar power.

The Ministry of Trade, Industry and Energy announced on the 5th that last year’s renewable energy supply (combined commercial and private vehicles) was tentatively counted at 4.8GW, which is higher than the supply target (4.6GW).

Looking at the supply by power source, solar power was the most at 4.4 GW, followed by wind power at 0.1 GW and others (bio, etc.) with 0.3 GW. As of the end of last year, cumulative renewable energy facilities totaled 29GW, including 21GW of solar power and 1.7GW of wind power.

Since the establishment of the renewable energy 3020 plan, the new supply capacity in the last four years until last year was 18.2 GW, a 1.5-fold increase compared to the end of 2017 (12.2 GW). In particular, the new supply capacity for solar power was 15.6 GW over the past four years, more than 2.4 times the cumulative capacity (6.4 GW) at the end of 2017. As a result, the share of renewable energy generation (based on business use) more than doubled from 3.2% at the end of 2017 to 6.5% in October of last year.

However, the annual supply of renewable energy slowed last year. The supply of solar power in mountainous areas decreased from 1.2 GW in the previous year to 0.8 GW due to the strengthening of location regulations to ensure safety. Strengthening regulations such as separation distances from local governments also had an impact. The wind power project was delayed due to complicated licensing and permit procedures for each ministry and acceptance of residents.

The Ministry of Trade, Industry and Energy emphasized, “We will make various policy efforts related to the supply of renewable energy to achieve the National Greenhouse Gas Reduction Target (NDC) and carbon neutrality.” To this end, the closer to the power plant, the higher the level of resident participation, the more benefits will be given, and incentives will be provided to local governments that improve the separation distance. Along with the enactment of the ‘Special Act on Wind Power Generation’ for the installation of an integrated organization for wind power licensing and licensing, which was proposed in May last year, it is also promoting the improvement of regulations related to renewable energy.

Reference-www.khan.co.kr

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