South Korea’s Government has announced that a total KRW40t (€25.8b, US $34.2b) will be invested in RE by 2015.

It is estimated that South Korea has potential reserves of 186.5TWh per annum of wind power, a small-scale hydro potential of up to 1.5GW, and that 198MW could be generated by 2012.

The European PhotoVoltaic Industry Association (EPIA) has estimated the country’s solar PV market could grow to 1.3GW by 2013, and the current pipeline includes SunEdison’s 400MW of solar plants to be built across the country.