South Korea Wind Power Sector Analysis 2013

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Wind Power in South Korea is being seen as the potential driver of renewable energy development in the country. Electricity generation through wind power has already progressed to significant levels and most of this has been developed onshore. The present onshore capacity installed in South Korea is at more than 480 MW by end of 2012, which is set to expand with many projects awaiting operational and constructional commencement.

The wind power sector in south Korea has been reformed which had stunted the growth a little bit but now with the reforms in place already, the capacity is growing and is expected to take the fast track to growth. To augment the rapid growth of wind energy in the country, the domestic heavy industries have taken upon themselves the onus of manufacturing the wind turbine generators that will reduce the sector’s dependence on imports and will also result in the reduction of wind energy production costs. The Feed in Tariff policy of the government has now been replaced by the Renewable Portfolio Standard. The research report points out to the various reasons behind this reform one of which was ...
... the low revenue given to wind generated electricity as compared to solar and hydro power. http://www.bharatbook.com/alternative-sources-market-research-reports/south-korea-wind-power-sector-analysis-2013.html

Wind power in the offshore region in the country has immense potential owing to the expansive seas at its disposal and this has encouraged many companies to set up wind farms in the region. The private companies are investing huge resources in the process which will later on be retrieved through the high tariff of wind energy and the carbon credits they would receive as part of the renewable portfolio standard policy recently been introduced. Offshore wind is becoming the latest trend all over the world and South Korea is expected to become a major part of the vogue.

Given the problems cropping up with the onshore wind power development sector in the country, the South Korean offshore sector seems to be more lucrative as of now. Huge investments are being made in projects offshore and considering the expansive potential the country has in this sector, it will certainly attract the largest investment in the future and will be the key driver in developing the South Korea’s wind energy.

“South Korea Wind Power Sector Analysis 2013” research report discusses following aspect related to emerging wind power sector in South Korea:

Current Sector Trends
Onshore & Offshore Wind Potential
Wind Power Sector Indicators
Operating Wind Farms
Future Outlook & Sector Emerging Trends
Regulatory & Policy Framework
Competitive Landscape

Table of Contents

1. South Korea Wind Power Sector Landscape

2. Wind Power Resources
2.1 Onshore & Offshore Reserves
2.2 Onshore & Offshore Wind Map by Speed & Density

3. Wind Power Sector Indicators
3.1 Onshore
3.2 Offshore

4. Operating Wind Farms
4.1 Onshore Wind Farms
4.2 Offshore Wind Farms

5. Wind Power Feed In Tariff Structure

6. Wind Turbine Manufacturing

7. Emerging Trends
7.1 United Kingdom and South Korea Alliance for Offshore Wind Power Development
7.2 Rising Investments from Government & Private Sector
7.3 Focus on Clean Energy to Drive Wind Power Installation
7.4 Development of World’s Largest Offshore Wind Farm
7.5 Super Sized Ships to Install Offshore Wind Turbines
7.6 South Korean Companies Developing Foreign Wind Farms

8. Wind Power Future Outlook
8.1 Onshore
8.2 Offshore

9. Regulatory & Policy Framework
9.1 Low Carbon, Green Growth Policy
9.2 Renewable Portfolio Standard Energy Policy

10. PEST Analysis
10.1 Political Analysis: Government Investments & Knowledge Sharing Policy
10.2 Economic Analysis: Low Cost Wind Power & Rising Energy Import Bill
10.3 Social Analysis: Increasing Social Acceptance
10.4 Technology Analysis: Transfer of Technology & International Collaborations

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South Korea Wind Power Sector Analysis 2013
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