Renewable energy power generation capacity surpasses coal for the first time... Total 25.4%

(Seoul = Yonhap News) Reporter Jang Bo-in = The capacity of domestic renewable energy power generation facilities surpassed the capacity of coal power generation facilities for the first time on the 21st.

The Korea Power Exchange announced that as of this day, the capacity of renewable energy power generation facilities was 41,040 megawatts (MW), which was 283 MW ahead of the capacity of coal power generation facilities of 47,57 MW.

Renewable energy accounts for 25.4% of total power generation facilities, becoming Korea's second-largest power source in terms of installed capacity, following liquefied natural gas (LNG).

The installed capacity of LNG is 46,788 MW, narrowing the gap with renewable energy to 5,748 MW.

The Korea Power Exchange explained that the expansion of renewable energy, which has been on the rise since the early 2010s, is leading to changes in the composition of domestic power generation facilities.

In addition, he added that it is meaningful in that renewable energy such as solar power and wind power is growing as a major power generation source in Korea.

From the end of 2020 to the end of last year, the average annual increase in facility capacity for renewable energy was approximately 3,504 MW, which was 4.3 times that of LNG (approximately 807 MW).

The Korea Power Exchange predicted that if the current trend of expanding the facilities of the two power sources continues, renewable energy could surpass LNG within two to three years and grow into Korea's largest power source based on installed capacity.

The Korea Power Exchange said, "In order to support the government's goal of supplying 100 gigawatts (GW) of renewable energy by 2030, we plan to closely understand renewable energy supply trends, strengthen information disclosure to the public, and communicate with industry and related organizations to support the continuous expansion of renewable energy."