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According to Yonhap News,

(SEOUL=Yonhap News) South Korea and France agreed to step up cooperation in renewable energy projects and the nuclear decommissioning technology development as the two nations share the vision for a clean energy future, Seoul's energy ministry said Tuesday.

Government officials in charge of the energy sector and state-run power companies held meetings in Seoul to discuss ways to expand collaboration in the renewable energy and nuclear sector, the Ministry of Trade, Industry and Energy said.

The participants explored ways to collaborate in renewable energy projects, as well as development of the smart grid and energy storage system, and agreed to step up cooperation in the nuclear decommissioning sector to seek joint business opportunities abroad, the ministry said.

Their meeting came after the energy ministers of the two nations in November signed a technical cooperation agreement in the nuclear decommissioning sector.

France has been in the process of dismantling nine reactors, and South Korea began its first decommissioning program last year.

South Korea has been shifting its focus from nuclear and coal to clean energy, setting a goal of raising renewable sources to 20 percent by 2030. France met 19 percent of its final energy demand from renewables in 2016 and plans to increase this share to 40 percent by 2030.

ejkim@yna.co.kr

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Source: Yonhap News (July 17, 2018)