South Korea's solar shipments spike in January-June period

Share

Shipments of energy storage systems to foreign markets also jumped 87% on the year to $163m over the same period, the Ministry of Trade, Industry and Energy (MOTIE) said in an online statement.

The figures come as a surprise, given that the country’s total, overall exports — including products not related to renewable energy — had been on a protracted slide for 19 straight months until bouncing back in August.

In July, the MOTIE announced plans to invest 42 trillion won in 13GW of new renewable energy capacity by 2020, including 4.5 trillion won to support installations of energy storage solutions.

The ministry also said it would raise its renewable portfolio standard (RPS) by 0.5% to 5% for 2018, and to 7% by 2020, from an initial target of 6%.

South Korea’s total installed solar capacity reached roughly 3.17GW at the end of 2015, according to the International Renewable Energy Agency (IRENA).?

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.

Popular content

Solarwatt presents new residential battery

22 November 2024 German manufacturer Solarwatt says its new battery can be flexibly configured as an AC or DC system. It also features an emergency power function and...

Share

Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.

Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.

You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.

Further information on data privacy can be found in our Data Protection Policy.