Corona 19 came like a lightning bolt. And it has changed a lot. One of them is the’popularization of the 4th industrial revolution’. It is true that the Fourth Industrial Revolution has been felt only as some declarative slogan. However, after Corona 19, its perception has changed significantly. They realized that the Fourth Industrial Revolution was not just a slogan, but a matter of survival. GDNET Korea looks forward to the evolutionary direction of the 4th industrial revolution with 10 keywords in the new year of the new year.[편집자주]
⑦ Green Energy: 13 yen invested in the Green New Deal… Green energy investment main track
The government will invest 13,2 trillion won in the new year alone in the green new deal policy, including measures to foster green energy. The speed of transition to an eco-friendly and low-carbon economy is expected to accelerate. In particular, it is expected that the weight of the three major’green energy’ in the energy industry, such as solar power, wind power, and hydrogen, will become even greater.
The goal of the green energy policy is to focus on fostering the solar, wind, and hydrogen industries with a large framework for low-carbon and distributed energy diffusion projects. Solar and wind power are considered as renewable energy generation sources with high potential for future growth. The expansion of hydrogen energy is also in line with the’hydrogen economy’ that the government is actively promoting.
The government plans to create 16,000 jobs by investing 4.5 trillion won in green energy by next year. By 2025, the company plans to create a total of 38,000 jobs by increasing related project costs to KRW 11.3 trillion.
Solar power, wind power, hydrogen What is the representative task of’green energy’?
The industry is focusing on technology development with the support of the government’s R&D. Representatively, the solar industry is focusing investment on the development of’tandem solar cells’, which are attracting attention as next-generation high-efficiency solar cells. The goal is to secure a technology gap of at least two years from foreign competitors.
Next-generation solar panel technologies such as perovskite solar cells and double-sided light-receiving CIGS thin-film solar cells are also expected to grow rapidly in line with the trend of expanding distributed power if they succeed in commercialization.
The task of the wind power industry is to complete the development of an 8 megawatt (MW) class large offshore wind turbine by 2022. The government and industry plan to complete the development of floating offshore wind power systems by 2024, develop support port complexes, and build infrastructure such as test beds for various offshore wind powers to raise the competitiveness of the wind power industry.
The hydrogen industry, where technology development is currently at the basic level, is focusing on securing original technology. The government has set a goal to become a country possessing hydrogen source technology by 2026 at the latest. It is devoted to the development of full-cycle source technology that can be used from production to utilization. Beyond blue hydrogen, it is focusing on the development of’green hydrogen’, which is carbon-free in the power generation process.
Water and farming type’next generation solar power’ in the spotlight… Active development of floating wind power and green hydrogen technology
The industry is also heating up in the construction of next-generation solar power. Hanwha Q CELLS has built the world’s largest 41MW floating solar power plant at the Hapcheon Dam in Gyeongnam. Floating solar power is a form of constructing a solar power plant on a structure that floats on water. According to the World Bank report, if a floating solar power plant is installed on 1% of the area, the plant’s facility capacity is expected to reach 404 GW. This is a scale that can replace 404 coal-fired power plants (based on 1GW-class power plants) based on facility capacity.
The solar power generation project (300MW class) on salt sea farmland in Haechang Bay, Goheung, Jeollanam-do, built by Korea Hydro & Nuclear Power with Hyundai Energy Solutions, is also a next-generation model. Although it is a reclaimed land, it can be used as a power plant site due to its high salinity, and it is also possible to increase farm household income by paying land rent to local residents. Farming solar power concentrated by power generation companies such as East-West Power and South-East Power is also in the spotlight as a win-win model for residents.
In the case of wind power, the industry is actively participating in the’Korean floating offshore wind power’ project, a core project of the Green New Deal. The development of floating offshore wind power with a free location and price competitiveness is essential in order to reach the goal of’Leap to the world’s top 5 offshore wind power by 2030′ set by the government. The’Donghae 1 Floating Offshore Wind Power Project’ promoted by the Korea Petroleum Corporation is a representative example. East-West Power, Hyundai Heavy Industries, and Doosan Heavy Industries & Construction recently joined. The goal is to start the business in earnest from 2023 in time for the end of gas field production next year.
The hydrogen field, which is the initial stage of technology development, focuses on building a green hydrogen value chain. Green hydrogen refers to hydrogen that does not emit carbon dioxide. It is made with P2G technology that produces and stores hydrogen (H2) through water electrolysis or converts hydrogen and carbon dioxide to methane (CH4). Projects promoted by KEPCO, Midbu Power, Western Power, Hanwha Solutions, and Doosan Heavy Industries & Construction are representative.
The problem of location regulation is still homework… How to solve it
While the green energy expansion policy is active, site restrictions are spreading. This is the homework the government needs to solve. In recent years, local governments with new photovoltaic installation licenses have delayed or canceled the permission to develop solar power facilities based on civil complaints. It has also been pointed out that traffic control through administrative permission adjustment is necessary, but there is a widespread concern that responding with another regulation that the regulation is excessive can worsen public opinion.
The government is turning to a business model that shares profits with residents in order to spread the green energy region. The’Resident Participation Profit Sharing Project’ is a business model in which local residents can directly invest their shares in the project or earn profits by providing land for power generation. According to the Korea Energy Agency, the number of resident-participating renewable energy power generation projects is increasing to 1 in 2018, 6 in 2019, and 15 last year.
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Fund investment is also gradually expanding, including expanding loan support to rural areas and industrial complexes, and providing support for the construction of private renewable energy facilities for 200,000 households such as houses and shopping centers. Through this, the current 12.7 gigawatts (GW) of solar and wind power generation capacity is planned to increase to 26.3 GW in 2022 and 42.7 GW in 2025.
The problem of location regulation is also the biggest challenge for wind power. The Ministry of Trade, Industry and Energy is in close consultation with the Ministry of Oceans and Fisheries to solve the problem of finding the location of the wind power project. The goal is to find a location with excellent economic feasibility with little impact on fishing and marine ecosystems by carefully examining wind conditions, environment, and regional acceptance in advance. Interest is drawn as it is expected to contain such content in the’plan to revitalize offshore wind power’ promoted by the Korean Pan New Deal Task Force (TF).