South Korea Wind Energy Sector Analysis

Wind is one of the most abundant resources available on South Korea which has not been blessed with considerable conventional energy resources.

Wind energy provides the key to the independence of South Korea from its distinguished statistics in terms of energy imports.

It is the 5th largest importer of crude oil, 3rd largest of coal and 2nd largest importer of LNG, all of which constitutes for sufficing 97% of the country’s energy needs. Wind energy development has shown the government the path to be taken to curb its increasing import reliance amidst the growing population and energy demand.

Research and Markets (http://www.researchandmarkets.com/research/kjrzgb/south_korea_wind_p) has announced the addition of the “South Korea Wind Power Sector Analysis”report to their offering.

Over the last decade, from 2000 to 2011, wind energy installed capacity has grown from 5.9 MW to more than 400 MW and is increasing at a rapid pace. The sector has recently 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 The Feed in Tariff policy of the government has now been replaced by the Renewable Portfolio Standard.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.

Key Topics Covered:

1. South Korea Wind Power Sector Landscape

2. Wind Power Resources

3. Wind Power Sector Indicators

4. Operating Wind Farms

5. Wind Power Feed In Tariff Structure

6. Wind Turbine Manufacturing

7. Emerging Trends

8. Wind Power Future Outlook

9. Regulatory & Policy Framework

10. PEST Analysis

11. Competitive Landscape

Companies Mentioned

– Hyundai Heavy Industry

– Samsung Heavy Industry

– Daewoo, Shipbuilding & Marine Engineering

– Doosan Heavy Industry and Construction

– Unison

– Vestas Wind Systems

– Korea Electric Power Corporation

For more information visit http://www.researchandmarkets.com/research/kjrzgb/south_korea_wind_p

Contacts