Kevin P. Kane
Cleantech Investment Advisory
Renewable Power and Cleantech in South Korea:
Vision, Technology, and Market
Contents
Kevin P. Kane
Vision & Target
I
Technology Drivers
II
Solar Photovoltaic (PV)
III
Wind Power
IV
Light-Emittin...
Vision & Target
Kevin P. Kane
Reduce Green House Gases
Unit: 
MMT CO2-e
Converge 2 Principles
1. Maintain Sustainabili...
Technology
Kevin P. Kane
Developing Growth Engines
2008-12 R&D Investment
$1.5 Bil. for New Renewables
$650 Mil. for G...
Solar PV
Kevin P. Kane
PV Technology Target
R&D To Commercialization
9.4% World Market Share 2012
4.5 GW Manufacturing...
Wind Power
Kevin P. Kane
Wind Power Target
Top 5 Producer in World by 2020
$7.8 Bil invested in 300 MW Test Bed
2.25 GW In...
LED
Kevin P. Kane
30% LED Chip Market Share by 2015
LED Technology Targets
140 lm/W Technology by 2015
$2.4 Bil. Domestic ...
Smart Grid
Kevin P. Kane
$200 Mil. Jeju Island Pilot
High Performance Grid
168 Corporations in the Pilot
U.S. 54 Bil. Kore...
CCS
Kevin P. Kane
$86.5 Mil. R&D by 2013
$2.4 Bil. Investment from Korea Electric Power Corporation 
Monetary Units in...
Green Buildings
Kevin P. Kane
Songdo City Convensia
New Houses Ø CO2 Emissions by 2025
House Energy Reduced 60% by 2017 
1...
Kevin P. Kane
Energy & Cleantech Advisory
Thank You!
Phone: 82+10.9742.2477   │Email:  KevinPKane@Gmail.com │ Website:...
Appendix
Kevin P. Kane
Korea’s New Renewable Energy Targets: Total Primary Consumption
Sources: Korean Green Growth Presid...
Appendix
Kevin P. Kane
Feed-in-Tariff Eligibility
Sources: Korean Green Growth Presidential Committee / Ministry of Knowle...
Appendix
Kevin P. Kane
PV Solar Feed-in-Tariff
(Unit: ₩/㎾h)
Sources: Korean Green Growth Presidential Committee / Ministry...
Appendix
Kevin P. Kane
Renewed Portfolio Standard by 2012
Feed-In Tariff (FIT)
Since Jan. 02
Renewable Portfolio Agreement...
Appendix
Kevin P. Kane
Renewable Policy Roadmap
 2008    2009    2010    2011    2012    2013    2014    2015    2016    2...
Appendix
Kevin P. Kane
South Korea’s Energy Bureaucracy
Kr. Inst.of Science and Tech.
Kr. Science and Tech. Policy Inst.
K...
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Korea\'s Cleantech Stimulus Spending & Market

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Korea\'s Cleantech Stimulus Spending & Market

  1. 1. Kevin P. Kane Cleantech Investment Advisory Renewable Power and Cleantech in South Korea: Vision, Technology, and Market
  2. 2. Contents Kevin P. Kane Vision & Target I Technology Drivers II Solar Photovoltaic (PV) III Wind Power IV Light-Emitting Diode (LED) V Smart Grid Technology V Carbon Capture & Sequestration (CCS) VI Green Buildings VII Appendix (Market & Policy Structure) VII
  3. 3. Vision & Target Kevin P. Kane Reduce Green House Gases Unit: MMT CO2-e Converge 2 Principles 1. Maintain Sustainability 2. Maintain Economic Growth Total Primary Consumption 11% Renewables by 2030 27.8% Nuclear 14.9% New Technology Drivers 11% New Renewables 2.4% Domestic Market & Exports 2030 2007-10 Sources: Korean Green Growth Presidential Committee / Ministry of Knowledge and Economy / Korean Energy Economic Institute
  4. 4. Technology Kevin P. Kane Developing Growth Engines 2008-12 R&D Investment $1.5 Bil. for New Renewables $650 Mil. for Green Appliances $370 Mil. for Clean Fuel $280 Mil. for Infrastructure. Monetary Units in USD Government Spends $1.2 Bil. Private Sector Spends $1.6 Bil. Sources: Korean Green Growth Presidential Committee / Ministry of Knowledge and Economy / Korean Energy Economic Institute
  5. 5. Solar PV Kevin P. Kane PV Technology Target R&D To Commercialization 9.4% World Market Share 2012 4.5 GW Manufacturing Capacity by 2012 1.3 GW Installed Capacity by 2012 PV Cost-Reduction Targets Sources: Korean Green Growth Presidential Committee / Ministry of Knowledge and Economy / Korean Energy Economic Institute / “Rise of Cleantech in South Korea,” Cleantech Group (in Cooperation with Samho Green Investments and VC)
  6. 6. Wind Power Kevin P. Kane Wind Power Target Top 5 Producer in World by 2020 $7.8 Bil invested in 300 MW Test Bed 2.25 GW Installed Capacity by 2012 Export Oriented Industry Monetary Units in USD Wind Power Cost-Reduction Targets Sources: Korean Green Growth Presidential Committee / Ministry of Knowledge and Economy / Korean Energy Economic Institute / “Rise of Cleantech in South Korea,” Cleantech Group (in Cooperation with Samho Green Investments and VC)
  7. 7. LED Kevin P. Kane 30% LED Chip Market Share by 2015 LED Technology Targets 140 lm/W Technology by 2015 $2.4 Bil. Domestic Market 850 Domestic LED Industry Companies 30% Public Bldg. LED lighting by 2012 $20 Bil. Gov. Funding for Installation & Human Resources Monetary Units in USD Sources: Korea Energy Management Corporation,/ Ministry of Knowledge and Economy / Korean Energy Economic Institute
  8. 8. Smart Grid Kevin P. Kane $200 Mil. Jeju Island Pilot High Performance Grid 168 Corporations in the Pilot U.S. 54 Bil. Korean Market Size Smart Grid Korea-wide by 2030 Monetary Units in USD Sources: Korea Energy Management Corporation,/ Ministry of Knowledge and Economy / Korean Energy Economic Institute
  9. 9. CCS Kevin P. Kane $86.5 Mil. R&D by 2013 $2.4 Bil. Investment from Korea Electric Power Corporation Monetary Units in USD .5 MW CCS Test Bed U.S. $30-40/tCO2 USD Cost per Ton of Carbon Dioxide 10 MW 2011-14 Pilot -$30/tCO2 100-500 MW 2015 Demo -$20/tCO2 Sources: Korea Energy Management Corporation,/ Ministry of Knowledge and Economy / Korean Energy Economic Institute . Photos: Energy Tribune, Ecolocalizer.com
  10. 10. Green Buildings Kevin P. Kane Songdo City Convensia New Houses Ø CO2 Emissions by 2025 House Energy Reduced 60% by 2017 1 Million Green Homes by 2018 LEED NC 2.2 Samsung C&T Passive House Samsung Demo with 56% Energy Reduction Huge Domestic Market & Export Potential “Korea’s ‘63 Building’ Uses Enough Electricity to Power Uijeongbu City.” KEEI Economist Sources: Korea Energy Management Corporation,/ Ministry of Knowledge and Economy / Korean Energy Economic Institute / Korea.net“
  11. 11. Kevin P. Kane Energy & Cleantech Advisory Thank You! Phone: 82+10.9742.2477 │Email: KevinPKane@Gmail.com │ Website: Energy-Fanatic.com See Appendix Next Slide 6 Slides Korea Energy Economics Institute
  12. 12. Appendix Kevin P. Kane Korea’s New Renewable Energy Targets: Total Primary Consumption Sources: Korean Green Growth Presidential Committee / Ministry of Knowledge and Economy / Korean Energy Economic Institute
  13. 13. Appendix Kevin P. Kane Feed-in-Tariff Eligibility Sources: Korean Green Growth Presidential Committee / Ministry of Knowledge and Economy / Korean Energy Economic Institute
  14. 14. Appendix Kevin P. Kane PV Solar Feed-in-Tariff (Unit: ₩/㎾h) Sources: Korean Green Growth Presidential Committee / Ministry of Knowledge and Economy / Korean Energy Economic Institute
  15. 15. Appendix Kevin P. Kane Renewed Portfolio Standard by 2012 Feed-In Tariff (FIT) Since Jan. 02 Renewable Portfolio Agreement (RPA) First MOU in Jul 2005 Second MOU in Jul 2009 Renewable Portfolio Standards (RPS) Operation in 2012 Pricing mechanism to purchase the power generated by NRDs Voluntary agreement ingovernment & energy public corporation for NRE use Target setting and pricing based on market mechanism Paying premium prices based on production costs by energy type Setting a target by levying mandatory volume or share on power generator Necessities Encouragement of technological advance based on market mechanism Larger uptake of NREs in response to the UNFCCC Fostering NRE industry via market expansion for NREs Sources: Korean Green Growth Presidential Committee / Ministry of Knowledge and Economy / Korean Energy Economic Institute
  16. 16. Appendix Kevin P. Kane Renewable Policy Roadmap 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Million Green Homes Program <Smart Energy System, Zero Energy House, Wind 2000(small turbine)> 100,000 Solar PVs Green Villages Gradual Reduction in Subsidy Subsidy to NRE Facilities Loan for NRE Facilities Installation & Investment Local Autonomy’s Subsidy Program Obligation of Public Building (Construction cost) Obligation of Public Building (Energy Load) Sunsetting of FIT Feed-In-Tariff RPS RPA RFS: Biodiesel20% Mix, Biodiesel85% Mix Biofuel Deployment Flex Fuel Vehicles Deployment Wind 2000 (Deployment of 2,000MW by 2020) Strengthening of NRE Standardization/Certification Sources: Korean Green Growth Presidential Committee / Ministry of Knowledge and Economy / Korean Energy Economic Institute
  17. 17. Appendix Kevin P. Kane South Korea’s Energy Bureaucracy Kr. Inst.of Science and Tech. Kr. Science and Tech. Policy Inst. Kr. Insti. of Energy Research Kr. Electronics Technology Inst. Kr. Research Inst. of Chem. Tech. Kr. Smart Grid Inst. M. Foreign Affairs and Trade M. Strategy and Finance M. Environment Public Research Centers President of South Korea Green Growth Committee Ministries M. Education and Science M. Knowledge Economy Kr. Energy Economic Institute (Policy) Kr. National Oil Company (KNOC) Nationally Owned Companies Kr. Gas Corp. Kr. District Heating Corp. Kr. Electric Power Co. (KEPCO) Power Generating Companies Kr. Nuclear Power Hydro Co. 5 Generating Co. (GENCOs) Nuclear Research Kr. Atomic Research Inst. Kr. Inst. of Nuclear Safety Kr. Power Exchange Kr. Energy Mgmt. Corp. Power Mgmt. Kr. Power Engineering Co., Inc. Map Designed by this Presenter Signals Hierarchical and /or Working Relationship Sources: The Rise of Cleantech 2010, Cleantech Group / Personal Interviews

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