Increased RPS duty ratio for power generation companies by 7%→40%
Accelerate the implementation of a low-carbon society and economy based on renewable energy innovation
[지앤이타임즈] By 2034, the share of renewable energy generation will be increased to 25.8%.
The Ministry of Trade, Industry and Energy held a new and renewable energy policy deliberation on the 29th and confirmed the 5th basic plan for new and renewable energy.
The New and Renewable Energy Basic Plan presents mid- to long-term goals and implementation plans in the new and renewable energy sector that are established every five years with a period of more than 10 years based on the New and Renewable Energy Act.
The 5th Basic Plan for New and Renewable Energy is consistent with the 9th Basic Plan for Power Supply and Demand, which was confirmed on the 28th, and set the target of 25.8% and 82.2GW of capacity for new and renewable energy generation in 2034, respectively.
The contents of the power system, demand for renewable energy, and new energy (hydrogen), which were not considered in the existing basic plan for new and renewable energy, were significantly supplemented.
It is expected that renewable energy will emerge as the main energy source during the 5th planning period, and to systematically prepare the system contribution and market system at the level of traditional power sources beyond the supply-oriented new and renewable energy policy.
The Ministry of Industry promotes dissemination, market, demand, industry and infrastructure innovation to achieve the distribution goal.
◇ Introduction of one-stop shop with wind power license
In order to innovate the supply of new and renewable energy, a wind power license integration organization (one-stop shop) will be introduced, and the site rental period will be expanded from the current 20 to 30 years according to the increase in the life of the facility, and the license and regulations will be improved, such as rationalization of the separation distance regulation.
By establishing a regional energy center and establishing a regional energy plan focusing on new and renewable energy, we will strengthen incentives for local governments with excellent implementation, and promote the spread of new and renewable energy led by the region by introducing a planned location.
By next year, we will expand the distribution of customized locations, such as building an information platform for providing information on an idle state-owned area suitable for new and renewable energy.
It also induces investment revitalization through various financial supports such as customized loans, green guarantees, and renewable ecosystem funds.
◇ RPS duty ratio increased, supply obligations expanded
In order to improve the profitability of new and renewable energy companies, the new and renewable energy supply obligation (RPS) market will be reorganized, focusing on long-term competitive bidding contracts, and the market separation by energy source will be reviewed by expanding energy sources such as wind power rather than solar power.
The bidding system will also be reorganized to carry out separate bidding for each existing and new business operator based on the time when the carbon certification system was introduced, and new markets with a size of 20MW or more will be established.
The ratio of mandatory renewable energy supply (RPS) will be increased from 7% to 40%.
RPS supply obligations are also expanded and the standard for power generation facilities is lowered from the current 500MW to 300MW, increasing the supply obligations from 23 to 30.
The target of mandatory renewable fuel mixing (RFS), limited to biofuels, will be expanded to renewable energy power and hydrogen, and the biodiesel mixing ratio will be gradually increased from the current 3% to 5% in 2030.
◇ Realization of RE100 and expansion of private vehicles
Various implementation measures will be operated from next year to support the implementation of RE100, a voluntary agreement that uses 100% of the power used by companies as renewable energy.
In addition to the recognition of GHG reduction, incentives for participation in RE100 will be strengthened, such as green guarantee support and RE100 labeling.
Incentives such as self-consumption REC are given to activate renewable energy for private use, which accounts for only 9% of the total solar power facilities.
First, it will be implemented targeting industrial complexes, and then the rate of spread will be evaluated and additional incentives will be expanded.
Establish and utilize a storage mix plan so that the amount of renewable energy that exceeds the power demand can be stored and used at other times of high demand.
It promotes sector coupling that utilizes excess renewable energy for other energies such as green hydrogen production.
◇ Foster 1,000 hydrogen specialized companies
It will foster 1,000 hydrogen-specialized companies through R&D, innovation procurement, and investment expansion, and 100 energy innovation companies with sales of 100 billion won or more.
The hydrogen subsidiary’s R&D support will expand from 20 billion won in 2022 to 100 billion won in 2025 and 200 billion won in 2030.
It will localize core technologies such as high-efficiency solar cells (35% in 2030), ultra-large wind turbines (12MW or more), mass production of green hydrogen (100MW in 2030), and water heat (large-capacity heat pumps, etc.).
In order to expand the market for high-efficiency and eco-friendly products through the advancement of the solar energy efficiency system and carbon certification system, we will gradually upgrade the minimum efficiency standard and introduce the best energy efficiency product line, and consider expanding the carbon certification system from solar modules to wind power and fuel cells. .
◇ System construction to increase system acceptance
In order to alleviate system congestion, flexible connection methods such as difference in connection capacity per line, maximum output limit, and control after line connection are introduced from the existing fixed connection method.
In order to cope with the volatility of renewable energy, the facility will enhance its own forecasting and control capabilities, secure flexible and inertial resources, and reinforce the response infrastructure such as integration of the renewable energy control infrastructure.
Young-joon Joo, head of the Energy Resources Department of the Ministry of Industry, said, “With the establishment of the 5th Basic Plan for New and Renewable Energy, we carefully support the growth of new and renewable energy as a leading energy source, while also focusing on renewable energy and green hydrogen in carbon neutrality in 2050. We plan to prepare systematically.”
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