Korea\'s Cleantech Stimulus Spending & Market
-
Upload
kevin-kane -
Category
Documents
-
view
12 -
download
3
description
Transcript of Korea\'s Cleantech Stimulus Spending & Market
Renewable Power and Cleantech in South Korea:Vision, Technology, and Market
Kevin P. Kane
Cleantech Investment Advisory
Vision & Target
Solar Photovoltaic (PV)
Wind PowerIV
III
II
I
Light-Emitting Diode (LED)V
Carbon Capture & Sequestration (CCS)VI
Contents
Smart Grid Technology
VII
V
Appendix (Market & Policy Structure)
VII
Green Buildings
Technology Drivers
Kevin P. Kane
1996 2005 2020a 2020b0
200
400
600
800
1000
298594
813569
30%
New TargetOriginal
Mid-Term 30% GHG Reduction TargetReduce Green House Gases
11% Renewables by 2030
Converge 2 Principles
New Technology Drivers
Domestic Market & ExportsNew Renewables
14.9%
27.8%
Nuclear
11%
2.4%
2007-10 2030
Total Primary Consumption
Unit: MMT CO2-e
Sources: Korean Green Growth Presidential Committee / Ministry of Knowledge and Economy / Korean Energy Economic Institute
1. Maintain Sustainability
2. Maintain Economic Growth
Vision & Target Kevin P. Kane
$1.5 Bil. for New Renewables
$650 Mil. for Green Appliances
$370 Mil. for Clean Fuel
$280 Mil. for Infrastructure.
2008-12 R&D Investment
Government Spends $1.2 Bil.
Private Sector Spends $1.6 Bil.
Developing Growth Engines
Category Approach Technology
Developing
Market-driven
Solar PVsWindLED
Smart Grid
Technol-ogy-driven
Fuel CellClean Fuel
IGCCCCS
Energy Storage
Next-Genera-tion Develop-
ment
Corporate-led
Heat PumpCHP
Nuclear Power
Green Buildings(LEED)
Green CarUniversity/ R&D Cen-
terSuperconductivity
Technology Kevin P. Kane
Sources: Korean Green Growth Presidential Committee / Ministry of Knowledge and Economy / Korean Energy Economic Institute
Monetary Units in USD
Solar PV Kevin P. Kane
USD 2010 2020 2030PV Unit Cost ($/kWh) $.27 $.13 $.08
PV System Cost ($/W) $5.4 $2.7 $1.3
PV Technology Target
Present (Core Components)
Silicon-based solar battery
Short-Term Thin film solar cells (a-Si, CIGS)
Long-Term3rd generation. Muti-
junction tandem cells, Dye cells, Organic
cells
PV Cost-Reduction Targets
R&D To Commercialization
1.3 GW Installed Capacity by 2012
4.5 GW Manufacturing Capacity by 2012
9.4% World Market Share 2012
Sources: Korean Green Growth Presidential Committee / Ministry of Knowledge and Economy / Korean Energy Economic Institute / “Rise of Cleantech in South Korea,” Cleantech Group (in Cooperation with Samho Green Investments and VC)
$7.8 Bil invested in 300 MW Test Bed
Wind Power Kevin P. Kane
Wind Power Target
Present (Core Components)
Common Use Onshore and 3 MW
or more Offshore
Short-Term Offshore 5 MW and Greater
Long-TermLarger than 10 MW
Generators with Hybrid Smart Wind
Power Systems
Wind Power Cost-Reduction Targets
Top 5 Producer in World by 2020
Export Oriented Industry
USD 2010 2020 2030System cost($/kWh) $3 $2.4 $1.7
Turbine scale 2 MW 5 MW 10 MW
Power conversion Cp>0.47 Cp>0.49 Cp>0.50
2.25 GW Installed Capacity by 2012
Sources: Korean Green Growth Presidential Committee / Ministry of Knowledge and Economy / Korean Energy Economic Institute / “Rise of Cleantech in South Korea,” Cleantech Group (in Cooperation with Samho Green Investments and VC)
Monetary Units in USD
140 lm/W Technology by 2015
LED Kevin P. Kane
LED Technology Targets30% LED Chip Market Share by 2015
Epi/Chip/Packaging
Efficiency 160 lm/W by 2012
Quantum effi-ciency
& Nano-based
LED
Material/Model
Integration of light source module, etc.
Fluorophorelight source
& Optimum heat/
optical Tech.
Application Commercia-lization new
LED
Sensitive in-door design & Car/medical LED lights
$2.4 Bil. Domestic Market
850 Domestic LED Industry Companies
30% Public Bldg. LED lighting by 2012
$20 Bil. Gov. Funding for Installation & Human Resources
Sources: Korea Energy Management Corporation,/ Ministry of Knowledge and Economy / Korean Energy Economic Institute
Monetary Units in USD
U.S. 54 Bil. Korean Market Size
Smart Grid Kevin P. Kane
168 Corporations in the Pilot
$200 Mil. Jeju Island Pilot
Smart Grid Korea-wide by 2030
2010 Black-Out Time
(min/year)
Transmission Loss (%Loss)
Korea 18 minutes 4.0%
U.S 137 minutes 6.7%
U.K 68 minutes 8.9%
High Performance Grid
Sources: Korea Energy Management Corporation,/ Ministry of Knowledge and Economy / Korean Energy Economic Institute
Monetary Units in USD
CCS Kevin P. Kane
.5 MW CCS Test Bed U.S. $30-40/tCO2
10 MW 2011-14 Pilot - $30/tCO2
100-500 MW 2015 Demo - $20/tCO2
$86.5 Mil. R&D by 2013
Sources: Korea Energy Management Corporation,/ Ministry of Knowledge and Economy / Korean Energy Economic Institute . Photos: Energy Tribune, Ecolocalizer.com
$2.4 Bil. Investment from Korea Electric Power Corporation
USD Cost per Ton of Carbon Dioxide
Monetary Units in USD
Green Buildings Kevin P. Kane
1 Million Green Homes by 2018
Samsung Demo with 56% Energy Reduction
Huge Domestic Market & Export Potential
New Houses Ø CO2 Emissions by 2025
Sources: Korea Energy Management Corporation,/ Ministry of Knowledge and Economy / Korean Energy Economic Institute / Korea.net“
House Energy Reduced 60% by 2017
Songdo City Convensia
LEED NC 2.2
Samsung C&T Passive House
“Korea’s ‘63 Building’ Uses Enough Electricity to Power Uijeongbu City.” KEEI Economist
See Appendix Next Slide 6 Slides
Phone: 82+10.9742.2477 │Email: [email protected] │ Website: Energy-Fanatic.com
Korea Energy Economics Institute
Thank You!
Kevin P. Kane
Energy & Cleantech Advisory
Appendix Kevin P. Kane
Units: TOE 2010 2015 2020 2030 Avg. annual growth rate (%)
Solar 40 (0.5)
63 (0.5)
342 (2.0)
1,882 (5.7) 20.2
PVs 138 (1.8)
313 (2.7)
552 (3.2)
1,364 (4.1) 15.3
Wind 220 (2.9)
1,084 (9.2)
2,035 (11.6)
4,155 (12.6) 18.1
Bio 987 (13.0)
2,210 (18.8)
4,211 (24.0)
10,357 (31.4) 14.6
Hydro 972 (12.8)
1,071 (9.1)
1,165 (6.6)
1,447 (4.4) 1.9
Geothermal 43 (0.6)
280 (2.4)
544 (3.1)
1,261 (3.8) 25.5
Tidal 70 (0.9)
393 (3.3)
907 (5.2)
1,540 (4.7) 49.6
Wastes 5,097 (67.4)
6,316 (53.8)
7,764 (44.3)
11,021 (33.4) 4.0
Total 7,566 11,731 17,520 33,027 7.8
Primary E (106TOE) 253 270 287 300 0.9
Share 2.98% 4.33% 6.08% 11.0%
Korea’s New Renewable Energy Targets: Total Primary Consumption
Sources: Korean Green Growth Presidential Committee / Ministry of Knowledge and Economy / Korean Energy Economic Institute
Appendix Kevin P. Kane
Feed-in-Tariff Eligibility
Power Source Eligible Facilities Category
FIT(₩/㎾ h)Note
Fixed Variable
Wind 10 ㎾ or larger - 107.29 - Reduction Rate: 2%
Hydro 5 ㎿ or smaller
Commerce1 ㎿ or larger 86.04 SMP+15
1 ㎿ or smaller 94.64 SMP+20
Others1 ㎿ or larger 66.18 SMP+ 5
1 ㎿ or smaller 72.80 SMP+10
CMW (incl. RDF) 20 ㎿ or smaller - - SMP+ 5
Fossil Fuel content:
Less than30%
Bio-Energy
LFG 50 ㎿ or smaller20 ㎿ or larger 68.07 SMP+ 5
Less than 20 ㎿ 74.99 SMP+10
Biogas 50 ㎿ or smaller150 ㎾ or larger 72.73 SMP+10
Less than150 ㎾ 85.71 SMP+15
Biomass 50 ㎿ or smaller Ligneous biomass 68.99 SMP+ 5
MarineEnergy
Tidal Power 50 ㎿ or larger
tidal range:8.5m or higher
With dike 62.81 -No dike 76.63 -
tidal range:8.5m or lower
With dike 75.59 -No dike 90.50 -
Fuel Cells 200 ㎾ or largerBiogas-based 234.53 - Reduction
Rate: 3%Other fuel-based 282.54 -
Sources: Korean Green Growth Presidential Committee / Ministry of Knowledge and Economy / Korean Energy Economic Institute
Appendix Kevin P. Kane
PV Solar Feed-in-Tariff
Period Duration30kW or
less30kW or larger
~ 20089.30
15 years 711.25 677.38
200810.1
~200912.31
Duration30kW or smaller
30kW~
200kW 200kW ~
1MW 1MW ~
3MW Larger
than 3MW
15 years 646.96 620.41 590.87 561.33 472.70
20 years 589.64 562.84 536.04 509.24 428.83
20101.1 ~ 2010
12.31
15 years 566.95 541.42 510.77 485.23 408.62
20 years 514.34 491.17 463.37 440.20 370.70
(Unit: ₩/ ㎾ h)
Sources: Korean Green Growth Presidential Committee / Ministry of Knowledge and Economy / Korean Energy Economic Institute
• Encouragement of technological advance based on market mechanism• Larger uptake of NREs in response to the UNFCCC
• Fostering NRE industry via market expansion for NREs
Renewable Portfolio Agreement (RPA)First MOU in Jul 2005
Second MOU in Jul 2009
Renewable Portfolio Standards (RPS)
Operation in 2012
Pricing mechanism to purchase the power generated
by NRDs
Voluntary agreement in government & energy public corporation for
NRE use
Target setting and pricing based on market
mechanism
Paying premium prices based on production costs by energy type
Setting a target by levying mandatory volume or share on
power generator
Feed-In Tariff (FIT)
Since Jan. 02
Necessities
Appendix Kevin P. Kane
Renewed Portfolio Standard by 2012
Sources: Korean Green Growth Presidential Committee / Ministry of Knowledge and Economy / Korean Energy Economic Institute
Appendix Kevin P. Kane
Renewable Policy Roadmap
Sunsetting of FIT
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Million Green Homes Program<Smart Energy System, Zero Energy House, Wind 2000(small turbine)>
RPS
Feed-In-Tariff
100,000 Solar PVs
Green Villages
Loan for NRE Facilities Installation & Investment
Local Autonomy’s Subsidy Program
Gradual Reduction in SubsidySubsidy to NRE Facilities
R PARFS: Biodiesel 20% Mix, Biodiesel 85% MixBiofuel Deployment
Flex Fuel Vehicles Deployment
Strengthening of NRE Standardization/Certification
Wind 2000 (Deployment of 2,000MW by 2020)
Obligation of Public Building (Energy Load) Obligation of Public Building (Construction cost)
Sources: Korean Green Growth Presidential Committee / Ministry of Knowledge and Economy / Korean Energy Economic Institute
Presidentof South Korea
Green Growth Committee
M. Foreign Affairs and Trade
M. Strategy and Finance
M. EnvironmentMinistries
PublicResearch Centers
Kr. Inst.of Science and Tech.
Kr. Science and Tech. Policy Inst.
Kr. Insti. of Energy Research
Kr. Electronics Technology Inst.
Kr. Research Inst. of Chem. Tech.
Kr. Smart Grid Inst.
Nationally OwnedCompanies
Kr. Gas Corp.
Kr. District Heating Corp.
Power Mgmt.
Kr. Power Exchange
Kr. Energy Mgmt. Corp.
PowerGeneratingCompanies
Kr. Nuclear Power Hydro Co.
5 Generating Co. (GENCOs)Nuclear Research
Kr. Atomic Research Inst.Kr. Inst. of Nuclear Safety
Sources: The Rise of Cleantech 2010, Cleantech Group / Personal Interviews
M. Knowledge Economy
M. Education and Science
Kr. Power Engineering Co., Inc.
Kr. Energy Economic Institute (Policy)Kr. National Oil Company (KNOC)
Kr. Electric Power Co. (KEPCO)
Signals Hierarchical and /or Working Relationship
Appendix Kevin P. Kane
South Korea’s Energy Bureaucracy
Map Designed by this Presenter