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South Korea Renewables Report Q2 2015

South Korea Renewables Report Q2 2015

We are maintaining our 2015 growth forecast for non-hydropower renewable energy in South Korea thisquarter as our assumptions for the sector remain relevant. Growth in 2015 will be driven primarily by windand biomass, and solar to a lesser extent. We have also maintained our long-term forecasts for renewableenergy, and expect non-hydropower generation to grow an average of 12.9% per annum between 2015 and2024.

Key Trends And Developments:

South Korea replaced its feed-in tariff system with a renewable portfolio standard (RPS). Initially thisrequired the 14 state-run and private power utilities with capacities greater than 500MW to generate 5.2%of energy from renewables (including hydro) by 2020, 7.5% by 2025 and 11% by 2035. However, due tothe unfavourable policy environment we estimate that by 2024 only 1.5% of the country's energy mixwill be generated by non-hydropower renewables. The policy environment is unfavourable due to lowelectricity rates, insufficient financial support and low public acceptance.

BMI Industry View
Industry Forecast
South Korea Renewables Forecast Scenario
Table: South Korea Total Electricity Generation Data And Forecasts, 2013-2018
Table: South Korea Total Electricity Generation Data And Forecasts, 2019-2024
Table: South Korea Electricity Generating Capacity Data And Forecasts, 2013 - 2018
Table: South Korea Electricity Generating Capacity Long Term Forecasts, 2019 - 2024
South Korea Renewables Projects Database
Table: Key Renewables Projects
Industry Risk Reward Index
South Korea Renewables Risk/Reward Index
Market Overview
Sustainable Energy Policy and Infrastructure
Targets (Renewables And Emissions)
Competitive Landscape
Korea District Heating Corporation (KDHC)
Korea Hydro & Nuclear Power (KHNP)
Table: Glossary Of Terms
Methodology And Sources
Industry Forecast Methodology
Risk/Reward Index Methodology
Table: Renewables Risk/Reward Index Indicators
Table: Weighting Indicators

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