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 The Feed in Tariff policy of the government has now been replaced by the Renewable Portfolio Standard.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.
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
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
11. Competitive Landscape
11.1 Hyundai Heavy Industry
11.1.1 Business Overview
11.1.2 Turbine Portfolio
11.2 Samsung Heavy Industry
11.2.1 Business Overview
11.2.2 Turbine Portfolio
11.3 Daewoo, Shipbuilding & Marine Engineering
11.3.1 Business Overview
11.3.2 Turbine Portfolio
11.4 Doosan Heavy Industry and Construction
11.4.1 Business Overview
11.4.2 Turbine Portfolio
11.5 Unison
11.5.1 Business Overview
11.5.2 Turbine Portfolio
11.6 Vestas Wind Systems
11.6.1 Business Overview
11.6.2 Turbine Portfolio
11.7 Korea Electric Power Corporation
Figure 1-1: Electricity Generation Capacity by Fuel, 2012
Figure 1-2: Share of Renewable Energy in Generation Capacity, 2012
Figure 1-3: Wind Power Capacity Growth in South Korea in Comparison to Asian during 2012
Figure 1-4: Share of Wind Power in Renewable Energy Capacity, 2012
Figure 1-5: On & Off Shore Wind Power Installed Capacity (MW), Feb’2013
Figure 1-6: Number of On & Off Shore Wind Turbines, Feb’2013
Figure 2-1: Onshore & Offshore Wind Reserves (GW)
Figure 2-2: Onshore & Offshore Wind Power Generation Potential (GWh)
Figure 2-3: Onshore Wind Power Potential by Province (GW)
Figure 2-4: Onshore Wind Power Generation Potential by Province (GWh)
Figure 2-5: Offshore Wind Power Potential by Province (GW)
Figure 2-6: Offshore Wind Power Generation Potential by Province (GWh)
Figure 2-7: Onshore Wind Speed Map at 60 Meters
Figure 2-8: Onshore Wind Density Map at 60 Meters
Figure 2-9: Onshore Wind Speed Map at 80 Meters
Figure 2-10: Onshore Wind Density Map at 80 Meters
Figure 2-11: Onshore Wind Speed Map at 100 Meters
Figure 2-12: Onshore Wind Density Map at 100 Meters
Figure 2-13: Onshore Wind Speed Map at 120 Meters
Figure 2-14: Onshore Wind Density Map at 120 Meters
Figure 2-15: Offshore Wind Speed Map at 80 Meters
Figure 2-16: Offshore Wind Density Map at 80 Meters
Figure 2-17: Offshore Wind Speed Map at 100 Meters
Figure 2-18: Offshore Wind Density Map at 100 Meters
Figure 2-19: Offshore Wind Speed Map at 120 Meters
Figure 2-20: Offshore Wind Density Map at 120 Meters
Figure 3-1: Wind Power Installed Capacity (MW), 2001-2012
Figure 3-2: Wind Power Installed Capacity Growth, 2001-2012
Figure 3-3: Wind Power Generation (GWh), 2000-2012
Figure 4-1: Wind Power Installed Capacity by Company (%), Feb’2013
Figure 4-2: Wind Power Installed Capacity by Company (MW), Feb’2013
Figure 4-3: Number of Wind Installed Turbine by Company, Feb’2013
Figure 5-1: Wind Power Tariff (KRW/kWh), 2010 & 2011
Figure 7-1: Renewable Energy Capacity Target (GW), 2012-2022
Figure 7-2: Wind Power Capacity Target (GW), 2030
Figure 8-1: 3rd Renewable Energy Supply Plan Targets for Wind Energy (GWh), 2015, 2020 & 2030
Figure 8-2: Wind Power Installed Capacity (MW), 2013-2018
Figure 8-3: Offshore Wind Power Installed Capacity Target (MW), 2013, 2016 & 2019
Figure 9-1: Renewable Portfolio Standards (RPS) Quota, 2012-2022
