Solar Photovoltaic (PV) in Republic of Korea, Market Outlook to 2030, Update 2017 - Capacity, Generation, Levelized Cost of Energy (LCOE), Investment Trends, Regulations and Company Profiles

Published : Jun-2017

No. of Pages : 107

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1 Table of Contents
1 Table of Contents 2
1.1 List of Tables 5
1.2 List of Figures 6
2 Executive Summary 7
2.1 Fall in OECD Countries' Carbon Emission despite a Global Rise during 2010-2015 7
2.2 Technological Advancements and Government Support Driving Global Renewable Power Installations 7
2.3 Growth in Korean Power Market Consistent with Burgeoning Economy 7
2.4 Solar Photovoltaic (PV) to Remain as the Leading Contributor to Renewable Installed Capacity in South Korea till 2030 8
3 Introduction 9
3.1 Carbon Emissions, Global, 2001-2016 9
3.2 Primary Energy Consumption, Global, 2001-2025 11
3.3 Solar PV Power, Global, Technology Definition and Classification 13
3.4 Report Guidance 14
4 Renewable Power Market, Global, 2006-2030 15
4.1 Renewable Power Market, Global, Overview 15
4.2 Renewable Power Market, Global, Installed Capacity, 2006-2030 16
4.2.1 Renewable Power Market, Global, Cumulative Installed Capacity by Source Type, 2006-2030 16
4.2.2 Renewable Power Market, Global, Cumulative Installed Capacity Split by Source Type, 2016 and 2030 18
4.2.3 Renewable Power Market, Global, Net Capacity Additions by Source Type, 2016-2030 20
4.2.4 Renewable Power Market, Global, Comparison by Cumulative Installed Capacity of Technology, 2016-2030 22
4.3 Renewable Power Market, Global, Power Generation, 2006-2030 24
4.3.1 Renewable Power Market, Global, Power Generation by Source Type, 2006-2030 24
4.3.2 Renewable Power Market, Global, Power Generation, Source Comparison Based on Power Generation, 2016-2030 26
4.4 Renewable Power Market, Global, LCOE Comparison of Power Generating Sources, 2014-2014 28
5 Solar Photovoltaic (PV) Market, Global, 2006-2030 32
5.1 Solar Photovoltaic (PV) Market, Global, Overview 32
5.2 Solar Photovoltaic (PV) Market, Global, Installed Capacity, 2006-2030 33
5.2.1 Solar Photovoltaic (PV) Market, Global, Installed Capacity Share by Region, 2016 and 2030 35
5.2.2 Solar Photovoltaic (PV) Market, Global, Installed Capacity Share by Country, 2016 and 2030 37
5.3 Solar Photovoltaic (PV) Market, Global, Power Generation, 2006-2030 39
5.3.1 Solar Photovoltaic (PV) Market, Global, Generation Share by Region, 2016 and 2030 41
5.3.2 Solar Photovoltaic (PV) Market, Global, Generation Share by Country, 2016 and 2030 43
6 Power Market, Republic of Korea, 2006-2030 45
6.1 Power Market, Republic of Korea, Overview 45
6.2 Power Market, Republic of Korea, Installed Capacity, 2006-2030 46
6.2.1 Power Market, Republic of Korea, Cumulative Installed Capacity by Fuel Type, 2006-2030 46
6.2.2 Power Market, Republic of Korea, Share in Cumulative Installed Capacity Split by Source Type, 2016 and 2030 49
6.2.3 Power Market, Republic of Korea, Net Capacity Additions by Fuel Type, 2016 and 2030 51
6.2.4 Power Market, Republic of Korea, Comparison of Technologies Based on Installed Capacity, 2016-2030 53
6.3 Power Market, Republic of Korea, Power Generation, 2006-2030 55
6.3.1 Power Market, Republic of Korea, Power Generation by Fuel Type, 2006-2030 55
6.3.2 Power Market, Republic of Korea, Comparison of Technologies Based on Power Generation, 2016-2030 58
7 Renewable Power Market, Republic of Korea, 2006-2030 60
7.1 Renewable Power Market, Republic of Korea, Overview 60
7.2 Renewable Power Market, Republic of Korea, Installed Capacity, 2006-2030 61
7.2.1 Renewable Power Market, Republic of Korea, Cumulative Installed Capacity by Source Type, 2006-2030 61
7.2.2 Renewable Power Market, Republic of Korea, Cumulative Installed Capacity Split by Source Type, 2016 and 2030 64
7.2.3 Renewable Power Market, Republic of Korea, Net Capacity Additions by Source Type, 2016-2030 66
7.2.4 Renewable Power Market, Republic of Korea, Comparison of Renewable Power Sources Based on Installed Capacity, 2016-2030 68
7.3 Renewable Power Market, Republic of Korea, Power Generation, 2006-2030 70
7.3.1 Renewable Power Market, Republic of Korea, Power Generation by Source Type, 2006-2030 70
7.3.2 Renewable Power Market, Republic of Korea, Comparison of Renewable Power Sources Based on Power Generation, 2016-2030 73
8 Solar Photovoltaic (PV) Market, Republic of Korea 75
8.1 Solar Photovoltaic (PV) Market, Republic of Korea, Overview 75
8.2 Solar Photovoltaic (PV) Market, Republic of Korea, Installed Capacity, 2006 - 2030 76
8.3 Solar Photovoltaic (PV) Market, Republic of Korea, Power Generation, 2006-2030 78
8.4 Solar Photovoltaic (PV) Market, Republic of Korea, Investment Trends, 2016-2020 80
8.5 Solar Photovoltaic (PV) Market, Republic of Korea, Project Based Analysis, 2016 82
8.5.1 Solar Photovoltaic (PV) Market, Republic of Korea, Major Active Plants, 2016 82
8.5.2 Solar Photovoltaic (PV) Market, Republic of Korea, Key Under-construction Projects, 2016 83
8.6 Solar Photovoltaic (PV) Market, Republic of Korea, Deal Analysis, 2016 84
8.6.1 Solar Photovoltaic (PV) Market, Republic of Korea, Deal Volume vs. Deal Value, 2006-2016 84
8.6.2 Solar Photovoltaic (PV) Market, Republic of Korea, Split by Deal Type, 2016 86
9 Renewable Energy Policy Framework, Republic of Korea 87
9.1 Overview 87
9.2 Major Policies 87
9.2.1 Green Growth Policy 87
9.2.2 Subsidy Program (Renewable Energy Demonstration and Deployment) 88
9.2.3 Research Funding for the Development of Renewable Energy Sources 88
9.2.4 Renewable Energy and Energy Efficiency Partnership 88
9.2.5 The Promotional Law of New and Renewable Energy Development, Use and Dissemination 89
9.2.6 Second and Third Basic Plan for New Renewable Energy Technology Development, Use and Deployment 89
9.2.7 Certification for New and Renewable Energy Facilities 89
9.2.8 Tax Audit Exemption 90
9.2.9 Second Energy Master Plan 2014-2035 90
9.2.10 Home Subsidy Program 90
9.2.11 Renewable Portfolio Standards 91
9.2.12 Boost to Renewable Power Development in 2016 93
9.2.13 Mandatory Use for Public Buildings 93
9.2.14 Methane to Markets Partnership 93
9.2.15 Memorandum of Understanding between Korean Wind Energy Association and RenewableUK 94
9.2.16 SeaRoc and CDS Wind Sign Offshore Wind Joint Agreement 94
9.2.17 US Department of Energy and South Korea Announce New Clean Energy Partnership 94
9.2.18 South Korea and Cameroon Considering Development of Renewable Capacity 94
9.2.19 Nationally Determined Contribution (NDC) to the Paris Agreement 94
10 Solar Photovoltaic (PV) Market, Republic of Korea, Company Profiles 95
10.1 Company Snapshot: Korea Western Power Co., Ltd. 95
10.1.1 Korea Western Power Co., Ltd. - Company Overview 95
10.1.2 Korea Western Power Co., Ltd. - Business Description 95
10.1.3 Korea Western Power Co., Ltd. - SWOT Analysis 95
10.1.4 Korea Western Power Co., Ltd. - Major Products and Services 97
10.1.5 Korea Western Power Co., Ltd. - Head Office 97
10.2 Company Snapshot: Korea Southern Power Co., Ltd. 98
10.2.1 Korea Southern Power Co., Ltd. - Company Overview 98
10.2.2 Korea Southern Power Co., Ltd. - Major Products and Services 98
10.2.3 Korea Southern Power Co., Ltd. - Head Office 98
10.3 Company Snapshot: Korea South-East Power Co., Ltd. 99
10.3.1 Korea South-East Power Co., Ltd. - Company Overview 99
10.3.2 Korea South-East Power Co., Ltd. - Business Description 99
10.3.3 Korea South-East Power Co., Ltd. - SWOT Analysis 99
10.3.4 Korea South-East Power Co., Ltd. - Major Products and Services 102
10.3.5 Korea South-East Power Co., Ltd. - Head Office 102
10.4 Company Snapshot: Korea Hydro & Nuclear Power Co, Ltd. 103
10.4.1 Korea Hydro & Nuclear Power Co, Ltd. - Company Overview 103
10.4.2 Korea Hydro & Nuclear Power Co, Ltd. - Major Products and Services 103
10.4.3 Korea Hydro & Nuclear Power Co, Ltd. - Head Office 103
11 Appendix 104
11.1 Abbreviations 104
11.2 Bibliography 104
11.3 Market Definitions 105
11.4 Methodology 105
11.5 Coverage 105
11.5.1 Secondary Research 105
11.5.2 Primary Research 106
11.5.3 Modeling and Forecasting 106
11.6 Contact Us 106
11.7 Disclaimer 107

1.1 List of Tables
Table 1: Carbon Dioxide Emissions from Energy Consumption, Global (MT), 2001-2016 11
Table 2: Primary Energy Consumption, Global (Mtoe), 2001-2025 13
Table 3: Renewable Power Market, Global, Cumulative Installed Capacity by Source Type (MW), 2006-2030 17
Table 4: Renewable Power Market, Global, Cumulative Installed Capacity Split by Source Type (%), 2016 and 2030 19
Table 5: Renewable Power Market, Global, Net Capacity Additions by Source Type (MW), 2016-2030 21
Table 6: Renewable Power Market, Global, Comparison by Cumulative Installed Capacity of Technology, 2016-2030 23
Table 7: Renewable Power Market, Global, Power Generation (GWh), 2006-2030 25
Table 8: Renewable Power Market, Global, Power Generation, Source Comparison Based on Power Generation, 2016-2030 27
Table 9: Renewable Power Market, Global, Assumptions for LCOE Calculation 28
Table 10: Renewable Power Market, Global, LCOE Comparison of Power-generating Sources ($/kWh), 2015-2016 31
Table 11: Solar Photovoltaic (PV) Market, Global, Installed Capacity (MW), 2006-2030 34
Table 12: Solar Photovoltaic (PV) Market, Global, Cumulative Installed Capacity Share by Region (%), 2016 and 2030 36
Table 13: Solar Photovoltaic (PV) Market, Global, Cumulative Installed Capacity Share by Country (%), 2016 and 2030 38
Table 14: Solar Photovoltaic (PV) Market, Global, Power Generation (GWh), 2006-2030 40
Table 15: Solar Photovoltaic (PV) Market, Global, Generation Share by Region (%), 2016 and 2030 42
Table 16: Solar PV Market, Global, Generation Share by Country (%), 2016 and 2030 44
Table 17: Power Market, Republic of Korea, Cumulative Installed Capacity by Fuel Type(MW), 2006-2030 48
Table 18: Power Market, Republic of Korea, Cumulative Installed Capacity Split by Source Type (%), 2016 and 2030 50
Table 19: Power Market, Republic of Korea, Net Capacity Additions by Fuel Type(MW), 2016 and 2030 52
Table 20: Power Market, Republic of Korea, Comparison of Technologies Based on Installed Capacity, 2016-2030 54
Table 21: Power Market, Republic of Korea, Power Generation by Fuel Type (GWh), 2006-2030 57
Table 22: Power Market, Republic of Korea, Comparison of Technologies Based on Power Generation, 2016-2030 59
Table 23: Renewable Power Market, Republic of Korea, Cumulative Installed Capacity by Source Type (MW), 2006-2030 63
Table 24: Renewable Power Market, Republic of Korea, Cumulative Installed Capacity Split by Source Type (%), 2016 and 2030 65
Table 25: Renewable Power Market, Republic of Korea, Net Capacity Additions by Source Type (MW), 2016-2030 67
Table 26: Renewable Power Market, Republic of Korea, Comparison of Renewable Power Sources Based on Installed Capacity, 2016-2030 69
Table 27: Renewable Power Market, Republic of Korea, Power Generation by Source Type (GWh), 2006-2030 72
Table 28: Renewable Power Market, Republic of Korea, Comparison of Renewable Power Sources Based on Power Generation, 2016-2030 74
Table 29: Solar Photovoltaic (PV) Market, Republic of Korea, Installed Capacity (MW), 2006 - 2030 77
Table 30: Solar Photovoltaic (PV) Market, Republic of Korea, Power Generation (GWh), 2006-2030 79
Table 31: Solar Photovoltaic (PV) Market, Republic of Korea, New Investment ($m), 2016-2020 81
Table 32: Solar Photovoltaic (PV) Market, Republic of Korea, Major Active Plants, 2016 82
Table 33: Solar Photovoltaic (PV) Market, Republic of Korea, Key Under-construction Projects, 2016 83
Table 34: Solar Photovoltaic (PV) Market, Republic of Korea, Deal Volume vs. Deal Value ($m), 2006-2016 85
Table 35: Solar Photovoltaic (PV) Market, Republic of Korea, Deals by Type, 2016 86
Table 36: Renewable Energy, South Korea, Target for New and Renewable Energies (%) 90
Table 37: Renewable Portfolio Standards, South Korea, Targets (%), 2012-2024 92
Table 38: Allocation of Renewable Energy Certificates, South Korea, 2017 92
Table 39: Korea Western Power Co., Ltd., Major Products and Services 97
Table 40: Korea Southern Power Co., Ltd. , Major Products and Services 98
Table 41: Korea South-East Power Co., Ltd., Major Products and Services 102
Table 42: Korea Hydro & Nuclear Power Co, Ltd., Major Products and Services 103
Table 43: Abbreviations 104

1.2 List of Figures
Figure 1: Carbon-di-oxide Emissions from Energy Consumption, Global (MT), 2001-2016 10
Figure 2: Primary Energy Consumption, Global (Mtoe), 2001-2025 12
Figure 3: Renewable Power Market, Global, Cumulative Installed Capacity by Source Type (MW), 2006-2030 16
Figure 4: Renewable Power Market, Global, Cumulative Installed Capacity Split by Source Type (%), 2016 and 2030 18
Figure 5: Renewable Power Market, Global, Net Capacity Additions by Source Type (MW), 2016-2030 20
Figure 6: Renewable Power Market, Global, Comparison by Cumulative Installed Capacity of Technology, 2016-2030 22
Figure 7: Renewable Power Market, Global, Power Generation (GWh), 2006-2030 24
Figure 8: Renewable Power Market, Global, Power Generation, Source Comparison Based on Power Generation, 2016-2030 26
Figure 9: Renewable Power Market, Global, LCOE Comparison of Power-generating Sources ($/kWh), 2015-2016 30
Figure 10: Solar Photovoltaic (PV) Market, Global, Installed Capacity (MW), 2006-2030 33
Figure 11: Solar Photovoltaic (PV) Market, Global, Cumulative Installed Capacity Share by Region (%), 2016 and 2030 35
Figure 12: Solar Photovoltaic (PV) Market, Global, Cumulative Installed Capacity Share by Country (%), 2016 and 2030 37
Figure 13: Solar Photovoltaic (PV) Market, Global, Power Generation (GWh), 2006-2030 39
Figure 14: Solar Photovoltaic (PV) Market, Global, Generation Share by Region (%), 2016 and 2030 41
Figure 15: Solar Photovoltaic (PV) Market, Global, Generation Share by Country (%), 2016 and 2030 43
Figure 16: Power Market, Republic of Korea, Cumulative Installed Capacity by Fuel Type(MW), 2006-2030 47
Figure 17: Power Market, Republic of Korea, Cumulative Installed Capacity Split by Source Type (%), 2016 and 2030 49
Figure 18: Power Market, Republic of Korea, Net Capacity Additions by Fuel Type(MW), 2016 and 2030 51
Figure 19: Power Market, Republic of Korea, Comparison of Technologies Based on Installed Capacity, 2016-2030 53
Figure 20: Power Market, Republic of Korea, Power Generation by Fuel Type (GWh), 2006-2030 56
Figure 21: Power Market, Republic of Korea, Comparison of Technologies Based on Power Generation, 2016-2030 58
Figure 22: Renewable Power Market, Republic of Korea, Cumulative Installed Capacity by Source Type (MW), 2006-2030 62
Figure 23: Renewable Power Market, Republic of Korea, Cumulative Installed Capacity Split by Source Type (%), 2016 and 2030 64
Figure 24: Renewable Power Market, Republic of Korea, Net Capacity Additions by Source Type (MW), 2016-2030 66
Figure 25: Renewable Power Market, Republic of Korea, Comparison of Renewable Power Sources Based on Installed Capacity, 2016-2030 69
Figure 26: Renewable Power Market, Republic of Korea, Power Generation by Source Type (GWh), 2006-2030 71
Figure 27: Renewable Power Market, Republic of Korea, Comparison of Renewable Power Sources Based on Power Generation, 2016-2030 73
Figure 28: Solar Photovoltaic (PV) Market, Republic of Korea, Installed Capacity (MW), 2006 - 2030 76
Figure 29: Solar Photovoltaic (PV) Market, Republic of Korea, Power Generation (GWh), 2006-2030 78
Figure 30: Solar Photovoltaic (PV) Market, Republic of Korea, New Investment ($m), 2016-2020 80
Figure 31: Solar Photovoltaic (PV) Market, Republic of Korea, Deal Volume vs. Deal Value ($m), 2006-2016 84
Figure 32: Solar Photovoltaic (PV) Market, Republic of Korea, Split by Deal Type (%), 2016 86

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