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The Government’s fifth Basic Plan for New and Renewable Energy is announced (2020 ~ 2034)
Good news for Jeollabuk-do and Saemangeum for promoting renewable energy clusters
Saemangeum expected to stand out in line with new region-led renewable expansion
Expected synergy, such as full RE100 and expansion of the green hydrogen connection
As the government announced plans to increase the share of renewable energy generation nearly fivefold over the next 15 years, the new and renewable energy projects Jeonbuk-do promotes in Saemangeum are expected to gain momentum. In particular, the government decided to increase the profitability of the new and renewable energy business to implement the plan and significantly relax related regulations, with some saying Saemangeum has gained wings.
The government held a new and renewable energy policy council on the 29th and deliberated and confirmed the fifth basic plan for the development, use and distribution of new and renewable energy technologies. The basic new and renewable energy plan is established every 5 years for a period of 10 years or more, and in relation to the basic energy plan, medium and long-term goals and implementation plans in the field of energy are suggested. new and renewable energies.
In this plan, the government aims to accelerate the transition to a low-carbon economy and society based on five major innovations in new and renewable energy supply, market, demand, industry, and infrastructure.
According to the ninth energy plan, the participation target for new and renewable energy generation in 2034 was set at 25.8% (renewable energy 22.2%, new energy 3.6%). As of 2034, new and renewable energy capacity (for commercial + private use) is 82.2 GW, which is roughly five times that of 5.6% (19.7 GW) last year.
In this plan, Saemangeum is expected to be the center of attention as the government announced the establishment of a regional energy center and the strengthening of incentives for excellent local governments.
Jeonbuk-do is promoting the Saemangeum solar energy project, including the energy industry convergence complex, the national comprehensive energy industry demonstration complex and the green hydrogen production group, which are created as part of the energy project. southwest offshore wind and the renewable energy group Saemangeum’s construction project. It is an analysis that in the field of new and renewable energies, an integrated space like Saemangeum is not easily found.
In addition, regarding the announcement that it will reorganize the new and renewable energy supply obligation (RPS) market, focusing on competitive tenders and long-term contracts to improve the profitability of commercial operators, Saemangeum is evaluated as an investment destination. attractive.
It is also possible to serve as a test bed for research bases and demonstration complexes, such as expanding the potential to achieve carbon neutrality by 2050, which promotes government, technological advancement and the construction of energy systems. Given that most of the new and renewable energy initiatives announced by the government in this plan, such as the full-blown RE100 and the expansion of green hydrogen connections, are in line with the projects led by Saemangeum and Jeollabuk-do, the new and renewable energy sector will be decided according to Jeonbuk’s future response and preparation. It is expected to be an opportunity to lead.
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