Gyeongbuk envisions fuel cell power plants

North Gyeongsang Province (Gyeongbuk) signed an MOU with Korea Hydro & Nuclear Power, POSTECH, Doosan Fuel Cell, and others for the development of Gyeongbuk Fuel Cell Power Generation Cluster. The province is planning to aggregate KRW 242.7 billion of investments from public and private sectors from 2021 to 2025 to build a fuel cell demonstration […]

EG breaks ground for KRW 43 billion recycling cluster

Korean material company EG start the construction of the first phase of a massive recycling cluster in Ulsan. The first phase, which will cost KRW 43 billion for the completion by 2022, will have facilities for incineration, power generation, wastewater treatment, and sludge drying. The whole cluster will be completed by 2024. Source: Energy Daily

Provinces jumping into Green New Deal train

South Jeolla Province (Jeonnam) held a meeting inviting experts and industry representatives to develop strategies responding to the nationwide Green New Deal initiative. The province will pursue 14 massive renewable projects including a waste-to-hydrogen demonstration project. Another province, South Chungcheong Province (Chungnam) also expressed its intention to commit itself to the Green New Deal with […]

Hanwha secures a beachhead into hydrogen bonanza

Korean conglomerate Hanwha Group is celebrating the NASDAQ listing of Nikola, in which it has 6.13% of shares. The group said the value of its shares increased by over seven times since 2018 when it first invested in the US hydrogen truck startup. Hanwha’s subsidiaries have the right to operate many kinds of businesses with […]

OCI: Korea’s still digging coal deep

Korea is pointed out as one of the “largest providers of public finance to oil, gas, and coal with over two thirds of fossil fuel support from 2016 to 2018.” A report by Oil Change International (OCI) says that Korea ranked in the fourth place in coal investment, investing KRW 7.8 trillion per year on […]

KEPCO issues 500 million green bond

Korean mega utility KEPCO issues a five-year USD 500 million green bond following last year. Funds raised by the bond, with an interest rate of 1.188%, will be used for renewable energy and efficiency projects, KEPCO said. Source: KEPCO

KEA-EWP to develop ‘energy efficiency value chain’

Korea Energy Agency (KEA) and Korea East-West Power (EWP) signed an MOU to jointly develop an ‘energy efficiency value chain.’ KEA will analyze the energy consumption of large buildings including universities, and EWP will develop and operate efficiency solutions customized by KEA’s analysis. Source: KEA