Annual Increase in the Supply and Supply of Renewable Energy
Last year's new supply capacity 3473MW
New supplies account for 92.5% of solar energy.
It has been found that the capacity of new renewable energy power generation facilities in Korea is continuously increasing every year. In particular, thanks to the government's policy, the capacity to install solar power facilities is soaring.
The "New Supply Capacity of Renewable Energy in 2019" recently announced by the Renewable Energy Center of the Korea Energy Corporation was estimated to be around 3,473MW. This is a sum of the RPS performance of the Korea Energy Agency and the amount of new installations of power generation facilities installed through the supply business. Facility distribution under the RPS system is on the rise every year. It has grown from 1,899 MW in 2017 to just less than double in two years.
In particular, the increase in solar power facilities showed a sharp rise, with the supply of solar power facilities, which stood at 1210.9MW in 2017, drawing a sharp upward graph of 2,027.4MW in 2018 and 3,128MW last year. Last year, 92.5 percent of all new renewable energy supplies came from solar power.
In the case of solar power, the upward trend has continued since the first quarter of last year. Solar power, which was supplied with 614.9 MW in the first quarter, added 730.4 MW in the second quarter, expanded 960.3 MW in the third quarter and 823.1 MW in the fourth quarter. Industry analysts say that the sharp increase in small and medium-sized solar power facilities on the back of the government's policy support has greatly affected the achievement.
While solar power facilities involving the Korea Energy Agency have increased significantly, bio-mixed power generation seems to have decreased significantly. According to 2018 statistics, bio-mixed power generation alone reached 700.2MW out of 883.2MW of other power generation. On the other hand, other power generation installations fell sharply to 263.3MW last year. Although detailed statistics by source have yet to be released, analysts say that the recent decline in the supply of biomass (mixed) that has been downgraded has affected. BioMass is said to have hurried to install it in 2018 as it was scheduled to adjust its REC weight last year. According to the quarterly distribution of other power generation last year, the figure rose 13.6MW in the first quarter, 141.8MW in the second quarter, 68.2MW in the third quarter and 39.7MW in the fourth quarter.
Compared to solar power, the size of wind power installation remains low. The size of wind power installations, which were installed around 129.5MW in 2017, increased to 167.6MW in 2018, but new supplies decreased slightly on-year to 150.3MW last year. This explains that since wind power generation is centered on land wind power generation, which is difficult to obtain permits in large quantities, the size of new installations is not large compared to solar energy. Land wind power has many obstacles to overcome, such as environmental impact assessment and securing residents' water availability.
Meanwhile, according to the Power Statistics Information System, the total capacity of power generation facilities as of February was 126,262MW, including 232,50MW of dual nuclear power, 4,700MW of positive water, 16,801MW of renewable energy, other 1,187MW of coal, oil and gas. In terms of ratio, about 13.3 percent of the total power generation facility capacity is renewable power generation facilities.
As of June 2018, however, the actual power generation accounted for 35,598 GW out of the total 576,47 GW, accounting for only 6.2 percent of the actual power generation.
]Reporter Shin Eun-sook of Dong Ah Economy]
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