The south Korean government plans to increase solar capacity by five times by 2030, according to the south Korean trade, industry and energy minister.
In his campaign, south Korean President moon jae-in pledged to stop supporting new nuclear projects and to adopt an eco-friendly energy structure.After taking office, the new President kept his promise to cancel the construction of six new nuclear reactors.
Still, South Korea remains the fifth-largest nuclear power in the world, with 24 active reactors and nearly a third of the country's electricity needs.
South Korea's trade, industry and energy ministry explained that "we will fundamentally transform our energy resources towards renewable energy and create an environmentally friendly environment."
"South Korea plans to increase its renewable energy generation to 20% by 2030 from 7% in 2016," Reuters said.To achieve this, South Korea plans to add 30.8 gigawatts of solar power and 16.5 gigawatts of installed wind capacity.As of 2017, South Korea has 5.7 gigawatts of solar installed capacity and 1.2 gigawatts of wind power.
South Korea's trade, industry and energy ministry said: "new renewable energy capacity will come from major projects and will promote the use of renewable energy by households, farms and small businesses."