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South Korea

OCI increases production capacity at Malaysian polysilicon factory

OCI has revealed plans to invest $55 million to expand production at its Malaysian manufacturing facility from 30,000 to 35,000 metric tons.

New shingled PERC solar module from Hyundai

The South Korean manufacturer has brought, to Europe and Australia, its recently launched shingled PERC panel, with an output ranging from 460 to 480 W and an efficiency of up to 20.5%. The products come with a 25-year linear power output guarantee and a 25-year product guarantee.

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The weekend read: The race for green hydrogen

Large swaths of low-cost land: check. Lots of sun and wind: check. The ability to transport green hydrogen cost-effectively to energy importing economies: check. Then you’re in the race to become one of the “renewable energy superpowers” of the low-carbon economy. A growing number of countries are assessing their renewable resources and natural attributes and positioning themselves to become green hydrogen exporters. However, not all are created equal.

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WoodMac predicts 30% drop in Asia Pacific front-of-the-meter battery costs by 2025

A new report from Wood Mackenzie suggests costs of front-of-the-meter battery storage systems in the Asia Pacific region could decline by 30% by 2025. The declining costs are already having a palpable impact as 2021 has opened with a slew of large-scale battery project announcements.

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Fortescue and South Korea’s Posco agree to green hydrogen future

Fortescue Metals Group Chairman Andrew ‘Twiggy’ Forrest returned to Western Australia last week after a 4-month worldwide search for green energy projects and resources. One of the deals secured on the trip was a circular partnership with South Korean steelmaker Posco. The deal sees Fortescue supply Posco with iron ore, Posco use said ore to make steel, and Fortescue use said steel for renewable energy projects to make green hydrogen.

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New WoodMac report forecasts renewables cheaper than coal by 2030 across Asia-Pacific

A new Wood Mackenzie report has forecasted a massive swing in the levelised cost of electricity across the Asia-Pacific over the course o the next decade. Before 2030, renewables will be cheaper than new coal and gas almost everywhere, and significantly cheaper in Australia.

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Mounting structure for balcony solar modules

South Korean manufacturer Clenergy has unveiled a new mounting solution for PV panels installed in balconies. The structure is adjustable to different types of commonly-sized balconies with metal railings.

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NSW has joined China, South Korea and Japan as climate leaders. Now it’s time for the rest of Australia to follow

It’s been a busy couple of months in global energy and climate policy. Australia’s largest trading partners – China, South Korea and Japan – have all announced they will reach net-zero emissions by about mid-century. In the United States, the incoming Biden administration has committed to decarbonising its electricity system by 2035.

‘China must put EV battery reuse at heart of net-zero ambition’

The centralised nature of policymaking in Beijing would enable component standardisation to ease the transition from EV to stationary energy storage use, according to Greenpeace East Asia.

South Korea follows Japan with net-zero 2050 pledge

Re-elected South Korean president Moon Jae-in today declared he will follow-up on a campaign trail promise to eliminate carbon emissions by mid century. The announcement comes just two days after Japan’s new prime minister said he would accelerate his nation’s emissions target.

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