New and Renewable Energy
The new and renewable energy industry of Korea has been growing based on exports
of photovoltaics and wind power. The Korean government is striving to promote sustainable
R&D and the commercialization of new and renewable energy.
Major companies by sector
New and Renewable Energy Clusters in Korea
Chungbuk Innovation City :
Solar Power Technology
An advanced base for nurturing the
photovoltaics industry. The center has
the largest test equipment in Korea.
Saemangeum Solar Power
Plans to attract photovoltaics-related
companies and research institutions.
Buan New and Renewable
The only comprehensive complex in
Korea for empirical research, industries
Southwest Offshore Wind
Plans to build a 2.5GW-class maritime
wind power generation complex that
is to be introduced along Wido Island
to Anmado Island.
South Jeolla Province :
5GW Wind Farm Project
A 300MW wind farm to be completed
Photovoltaics Test Bed Center
Daegu and North Gyeongsang Province
will nurture custom-tailored experts and
support the R&D of SMEs to develop
new parts and commercialize their
Pohang POSTECH’s New and
Renewable Energy Lab
Test beds for hydraulic fuel cells
South Gyeongsang Province :
Uiryeong Wind Farm Project
Plans to build 25 wind generators (750kW).