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Consulate General of Korea, San Francisco

Korea’s Policies on Renewable Energy and Future Directions. December 5. 2013. Lee Kwangho, Consul. Consulate General of Korea, San Francisco. Contents. Ⅰ. Energy Status in Korea. Ⅱ. Achievements to Date. Ⅲ. National Programs. Ⅳ. Future Directions. Ⅰ. Energy Status in Korea.

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Consulate General of Korea, San Francisco

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  1. Korea’s Policies on Renewable Energy and Future Directions December 5. 2013 Lee Kwangho, Consul Consulate General of Korea, San Francisco

  2. Contents Ⅰ Energy Status in Korea Ⅱ Achievements to Date Ⅲ National Programs Ⅳ Future Directions

  3. Ⅰ Energy Status in Korea

  4. Energy Consumption Crude Oil Import The Energy Status 8th biggest energy consumer in the world (262.6Mtoe) Source: KEEI 5th biggest importer, 68.7 billion USD (accounting for 56% of all energy import) Source: KEEI CO2 Emission 7th biggest emitter in the world, 590Mtoe Source: European Commission’s Joint Research Center & PBL Netherlands Environmental Assessment Agency (2012) 146 bil USD (Cars +Semi-conductors+ Shipbuilding) 171 bil USD (Energy) 4

  5. Green technology as a new growth engine Improvement in quality of life Green energy paradigm Contribution to the global community Low Carbon Green Growth The Concept of GREEN GROWTH “As we go green, we generate money and jobs” Elements of Green Growth 5

  6. NRE Share in TPES (%) 2.24 2.24 2.37 2.37 New & Renewable Energy Status New and Renewable Energy Sources in Korea • RE : 8 Sources • PV, Solar Thermal, Wind, Waste, Bio (LFG, Bio-Fuels), Hydro, Geothermal, and Marine • New Energy : 3 Sources • - Fuel-cell, Hydrogen, Coal Liquefaction or Gasification Breakdown of NRE Share (2011) 2.75 2.61 2.61 Bio 11% Wind 2.6% PV 2.4% Fuel Cell 0.6% Waste and HydroEnergy account for the majority (82.5%) Waste 70.9% 2.50 2.50 2.43 2.43 Hydro 11.6% ’11 ’10 ’06 ’07 ’08 ’09 Annual Growth Rate : 7.0% (`06~`11) Increase • National NRE Supply Target : 11% by 2030 • Prospect for the growth rate of each NRE source by 2030 • PV (15%), Wind (18%), Bio (15%) Waste (4%), Hydro (2%) Decrease 6

  7. Ⅱ Achievements to Date

  8. Achievements Establishment of the Industrial Ecosystem Strong Government Support Active Participationof SMEs & Large Conglomerates • Building the value chain & business system based on the collaboration between SMEs & large conglomerates NRE industries are regarded as the main source of SMEs’ growth, job creation, and a new profitable area for large conglomerates No. of Manufacturers No. of Employees Sales (1 bil USD) Exports (100 mil USD) 8.07 45.3 13,651 212 3.7 times 6.5 times 7.3 times 2.1times 10,395 26.7 4.74 193 3,661 101 6.2 1.24 ’07 ’09 ’10 ’07 ’09 ’10 ’07 ’09 ’10 ’07 ’09 ’10 8

  9. Existing Industrial Ecosystem Fostering the next-generation semiconductor Industry based on the mutual development of large and small companies and job creation PV New era of GW scale power production through an integrated production system from Poly silicon to system Poly silicon (t) Ingot/Wafers (MW) Cells (MW) Modules (MW) 2,908 1,831 31,600 1,915 17,100 1,140 921 1,000 173 36 200 0 ’07 ’09 ’10 ’07 ’09 ’10 ’07 ’09 ’10 ’07 ’09 ’10 Increasing exports in all areas such as materials and modules, including equipment and turnkey orders Equipment Export Exports 3,744 (Unit: Million USD) Jusung Engineering (130 mil USD to China), Toptech (14.5 mil USD to China) 1,723 Large-scaled Plant Export Samsung C&T Corp. (500MW,Canada;130MW,US) SDN (45MW, Bulgaria) Hyundai Heavy Industries Co. (175MW, US) 142 6 ’04 ’07 ’09 ’10 9

  10. Growing up as the 2nd major shipbuilding industry Model sector for SME & LE to co-prosper A high potential of becoming the leading group combined with key industries Wind Building industrial structure with the collaboration between SMEs (for components) and large enterprises (for finished goods) Category Major Companies Blade KM, Deck, Doha Industry, Gwangdong FRP, Hwashin FRP Tower Parts Dongkuk S&C, Unison, CS wind, Speco, Win&P Component Taewoong, Pyungsan, Yonghyun BM, Hyunjin Materials, Unison, Mysco Doosan, Hyundai, Hyosung, STX, Samsung Heavy Industries, DSME System There is a growing trend towards increasing exports in wind power systems as well as tower & machined parts Exports (Unit: mil. USD) Wind Power Export 788 Hyundai Heavy Industries (Pakistan,49.5MW, 1.65*30) STX(The Netherlands,50MW, 2*25) Unison (Sri Lanka, 9.7MW, 750kW*13) 475 58 ’04 ’07 ’10 10

  11. Ⅲ National NRE Programs

  12. 9,216 9,216 1,879 3,709 1,879 3,709 Expected Values Expected Values Projects for Large-scaled NRE Market FIT (Feed in Tariff, 2002~2011) NRE Plants : 2,108 ;Power Generation : 10,129GWh ; BudgetSupported: 1,141bil. KRW (951mil. USD) RPS (Renewable Portfolio Standards, 2012) Target : To realize the national target, 11% of the NRE share in TPES (launched in 2012) Selected 13 mandatory power companies with power plants of 500MW or above Obligatory NRE Production Ratio in Total Power Generation 0.5%p ↑ 1.0%p ↑ Responsible for 50% of targeted NRE supply amount by 2020 Inducing a market investment of 48 bil USD (Unit: thou TOE) Reduction of 16 mil tons of CO2 annually (Reference) 2020 NRE Supply Target : 17,520 thou TOE 2012 2015 2020 12

  13. Projects for Large-scaled NRE Market Mandatory Use for Public Buildings (2004~2011) Obligated new buildings of public institutions - with afloor area of or exceeding 3,000㎡ - to use more than 5% of total construction expenses to install NRE systems Public institutions : Include state administrative bodies, local autonomous entities and state-run companies Revision of Obligatory Program for Public Buildings (2012~Present) Mandatory use and design with NRE of 10% or more of total energy load used fornew, renovated and expanded public buildings over 1,000㎡ 13

  14. Subsidy & Loan Programs General Subsidy Program (since 1993) Subsidizing a part of the installation costs of NRE facilities to enhance NRE deployment and relieve the end users’ cost burden (i.e., factories, individual buildings, schools, etc.) Focusing on PV, fuel cells, wind and bio-energy 1 Million Green Homes Program (since 2009) Expanding the former ‘100,000 Solar Roof Program’ to promote residential NRE use Aiming to disseminate 1 million green homes by 2020 Local NRE Deployment Program (since 1996) Supporting various NRE deployment projects by local governments for public buildings, social service facilities and residents of remote areas, etc. Loan & Tax Deduction Program (since 1983) Providing low-interest loans Offering corporations a tax reduction of 10% of total NRE investment 14

  15. Targeting to rank within world’s top 5 in the NRE market Vision 2015 Goal for International Market Share : PV15%, Wind15% Private Investment Sale Export Employment 7.2 110 (Unit: bil USD) (Unit: bil USD) (Unit: 0.1 bil USD) 41.7 37 (Unit: 1,000 employees) 4.8 2.6 16.7 11 27 9 3.3 2 ’09 ’12 ’15 ’09 ’12 ’15 ’09 ’12 ’15 ’09 ’12 ’15 To invest 33 bn USD by 2015 (private: $28 bn, government: $5 bn) 15

  16. Energy Technology Cooperation Ⅳ

  17. ① Areas of Energy Technology Cooperation International Joint Research Program Opportunities to participate in Korea’s research programs which provide funding for technology development and commercialization in the area of green energy • PV, Wind Power, Fuel Cell, Biofuel, Clean fuel, • IGCC, CCS, Clean thermal power generation, Nuclear Power Supply (9) Delivery (2) Utilization(4) • Smart Grid, Energy Storage 15 key technology fields for green energy(88 strategic Items & 288 core technologies) • Green Car, High-efficiency new lighting sources, Energy efficient Buildings, Heat Pump 17

  18. Areas of EnergyTechnologyCooperation ② EnergyR&D Forum Overseas nations can participate in several fora, which are held regularly, related to energy technology development  Participating countries can share their energy technology strategies and measures for market development Global Green Energy Leaders Forum (2011) Energy Tech Insight (2012) World Energy Congress(2013) Clean Energy Ministerial Meeting(2014, Seoul) 18

  19. Areas of EnergyTechnologyCooperation ③e-Platform : ETA (Energy Technology Trade Agreement) – to be established - Aims to increase opportunities for sharing quality information on energy technology trade among companies, research institutes and the academia - Through the e-Platform, it is expected that information on major topics and status of technologies relevant for technology trade among stakeholders will be improved, as various information will be provided in accessible form, consisting of domestic and overseas energy technologies 19

  20. Thank you Korean.energy@gmail.com

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