South Korea is planning to change its renewable energy targets to elevate the role of nuclear power.
According to the latest version of South Korea's "2020-2034 Basic Electricity Supply and Demand Plan", in 2034, renewable energy will account for 41.9% of South Korea's power capacity.
Its goal is to advance the export of new energy industries and the commercialization of technologies such as tandem solar cells.
On the grid side, key objectives include the timely construction of new infrastructure and system stabilization measures consistent with renewable energy generation.
The new government's energy policy replaces the previous government's strategy of phasing out nuclear power, including plans to resume construction work on two nuclear reactors and use nuclear power to provide more than 30 percent of the country's electricity generation by 2030.
As part of a basic electricity supply plan, South Korea is targeting 34GW of installed PV capacity by 2030, according to research firm Wood Mackenzie. Wood Mackenzie said last year that South Korea's 2030 renewable energy capacity target could be more ambitious.
Recent announcements by the Korean photovoltaic industry include Hanwha Group's $3.3 billion investment in clean energy manufacturing and plans to build a solar R&D center in South Korea.
