South Korea Power Q3 2019
Power capacity in South Korea will grow at a slow rate over the coming decade, despite the government's ambitiousplans to construct 60.4GW of additional power generation capacity in the period to 2030, mainly based off solar, wind and liquefiednatural gas. We forecast power capacity to increase by an annual average of 1.4% between 2019 and 2028, totalling just under136.4GW. Sluggish power demand, faltering investor interest in the market and the decommissioning of nuclear plants underpinthis forecast.
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