• Title/Summary/Keyword: renewable energy market

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A Study of the Long-term Fuel Mix with the Introduction of Renewable Portfolio Standard (RPS(Renewable Portflio Standard) 제도 도입에 따른 국내 장기 전원구성 변화에 관한 연구)

  • Lee, Jeong-In;Han, Seok-Man;Kim, Bal-Ho H.
    • The Transactions of The Korean Institute of Electrical Engineers
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    • v.58 no.3
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    • pp.467-477
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    • 2009
  • Renewable Portfolio Standard (RPS) is a regulatory policy that requires the generation companies to increase the proportion of renewable energy sources such as wind, solar, LFG, fuel cell, and small hydro. Recently, Korean government decided to increase the portion of renewable energy to 3% to total electricity generation by 2012 from the current level of 0.13%. To achieve this goal, an innovative plan for market competitiveness would be required in addition to the present Feed-In-Tariff (FIT). That is Korean government has taken it into consideration to introduce a Renewable Portfolio Standard (RPS) as an alternative to FIT. This paper reviews the impact of RPS on the long-term fuel mix in 2020. The studies have been carried out with the GATE-PRO (Generation And Transmission Expansion PROgram) program, a mixed-integer non-linear program developed by Hongik university and Korea Energy Economics Institute. Detailed studies on long-term fuel mix in Korea have been carried out with four RPS scenarios of 3%, 5%, 10% and 20%. The important findings and comments on the results are given to provide an insight on future regulatory policies.

Feasibility Evaluation & Strategy of Replacement of Power Generation Fuel by Using Bio-diesel (바이오 디젤의 발전용 연료화 타당성 및 추진전략)

  • Hur, Kwang-Beom;Park, Jung-Keuk;Rhim, Sang-Gyu;Kim, Sung-Chul
    • New & Renewable Energy
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    • v.5 no.1
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    • pp.32-39
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    • 2009
  • Availability of reliable and affordable energy supply is a prerequisite for economic growth. Renewables are the third largest contributor to global electricity production after coal and natural gas and account for a share of 18%. Power generating capacity from renewables has increased to around 900GW by the year 2007. Today biodiesel fuels have been in commercial use in many countries and recently the world-wide biodiesel market has experienced considerable growth, which is partly due to various tax concession programs and other financial incentives. In Korea, biodiesel has already been used for transportation fuel, but not used for power generation fuel yet Korean government has a strategy for renewable energy propagation, especially the goal of power generation amount by renewable energy is 3% of total power production by 2012. This paper focuses on the feasibility study for adaptability and strategy of using biodiesel as power generation fuel. The study also has the plan to replace the fuel of thermal power plant, gas turbine and distributed power system. As the increase of biodiesel fuel, I look forward to environment-friendly power generation and the strategy of Renewable Portfolio Standards(RPS).

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The Comparison Analysis between Psim Simulation and Motor-Generator (MG) Set Output Characteristics (Psim시뮬레이션과 전동기-발전기(MG) 세트의 출력특성분석)

  • Lim, Hyung-Tack;Jo, Da-Som;Son, Hyo-Soo;Moon, Sang-Soo;Lee, Seok-Hyun;Kim, Kun-Su;Jo, Chul-Hee
    • New & Renewable Energy
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    • v.10 no.3
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    • pp.31-38
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    • 2014
  • The importance of energy is growing according to the energy shortage and environmental concerns. Accordingly, in order to solve the problems about the use of fossil fuel, a renewable energy sources are needed. Global renewable energy power industry's position in the renewable energy market becomes important and new technology development is also essential. MG set composed by the induction motor and permanent magnet synchronous generator for simulating a renewable energy source is based on a suitable experiment equipment. The torque generated by applying a voltage to the induction motor in MG set is used as an input of the permanent magnet synchronous generator. In Psim simulation, the characteristics of the induction motor model was formulated and the output torque characteristics of the motor was controlled using the induction motor side inverter, In this paper, the comparison analysis between Psim simulation and the output characteristics of the MG set is performed in order to identify a renewable energy power system more accurately.

A Study on the Present State of Duty Performance According to the RPS System and Improvement Plan (RPS제도 시행에 따른 의무이행 현황 분석 및 개선방안 연구)

  • Kim, Jun-Hui;Lee, Eung-Jik
    • Journal of the Korean Solar Energy Society
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    • v.33 no.6
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    • pp.98-104
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    • 2013
  • At the moment, in Korea, over 90% of energy resources depend on imports, and nearly 60% of electric energy is produced using fossil fuel. Therefore, the government adopted the Climatic Change Convention and has implemented the RPS system since 2012 to actively cope with the dependence on imported energy, and to grow and expand the new renewable energy industry. This study examined the performance results of mandatory supply of solar photovoltaic energy and non-solar photovoltaic energy assigned to providers and the present state after implementation of the RPS system. As a result, the achievement rate in 2012 was 64.7%. Especially, solar photovoltaic energy showed a high achievement rate of 95.7%, whereas non-solar photovoltaic energy showed a low achievement rate of 63.3% due to several problems and was highly dependent on the government. In 2013, the burden of each provider has increased due to more mandatory supply and addition of unfulfilled supply of 2012, and the separate mandatory supply of solar photovoltaic energy established for protection of the solar photovoltaic market is restricting investment. Therefore, there is a need to assign mandatory supply in consideration of the available amount of each new renewable energy.

Technology and market for Concentrated PV module (집광형 태양광 모듈 기술 및 시장현황)

  • Ryu, Sehwan
    • Proceedings of the KIPE Conference
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    • 2012.07a
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    • pp.605-606
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    • 2012
  • The cost of a PV(Photovoltaic) installation are driving the market and the need for subsidized schemes, such as feed-in tariffs. Concentrated photovoltaic(CPV) is leading the development of future low cost renewable energy sources. CPV is offering high efficiency systems. This paper proposes technology and market for CPV.

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Modeling of Solar/Hydrogen/DEGS Hybrid System for Stand Alone Applications of a Large Store

  • Hong, Won-Pyo
    • Journal of the Korean Institute of Illuminating and Electrical Installation Engineers
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    • v.27 no.11
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    • pp.57-68
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    • 2013
  • The market for distributed power generation based on renewable energy is increasing, particularly for standalone mini-grid applications in developing countries with limited energy resources. Stand-alone power systems (SAPS) are of special interest combined with renewable energy design in areas not connected to the electric grid. Traditionally, such systems have been powered by diesel engine generator sets (DEGS), but also hybrid systems with photovoltaic and/or wind energy conversion systems (WECS) are becoming quite common nowadays. Hybrid energy systems can now be used to generate energy consumed in remote areas and stand-alone microgrids. This paper describes the design, simulation and feasibility study of a hybrid energy system for a stand-alone power system. A simulated model is developed to investigate the design and performance of stand-alone hydrogen renewable energy systems. The analysis presented here is based on transient system simulation program (TRNSYS) with realistic ventilation load of a large store. Design of a hybrid energy system is site specific and depends on the resources available and the load demand.

Design and Implementation of an ESS for Efficient Power Management of Stand-Alone Type Street Lights (효율적 전력 관리를 위한 독립형 가로등의 ESS 설계 및 구현)

  • Kang, Jingu
    • Journal of Korea Society of Digital Industry and Information Management
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    • v.12 no.2
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    • pp.1-6
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    • 2016
  • Several efforts to replace the use of existing fossil energy resources have already been made around the world. As a result, a new industry of renewable energy has been created, and efficient energy distribution and storage has been promoted intensively. Among the newly explored renewable energy sources, the most widely used one is solar energy generation, which has a high market potential. An energy storage system (ESS) is a system as required. In this paper, the design and implementation of an ESS for the efficient use of power in stand-alone street lights is presented. In current ESS applied to stand-alone street lights, either 12V~24V DC (from solar power) or 110V~220V AC (from commercial power) is used to recharge power in systems with lithium batteries. In this study, an ESS that can support both solar power and commercial power was designed and implemented; it can also perform emergency recharge of portable devices from solar powered street lights. This system can maximize the scalability of ESSes using lithium batteries with efficient energy conversion, with the advantage of being an eco-friendly technology. In a ripple effect, it can also be applied to smart grids, electric vehicles, and new, renewable storage markets where energy storage technology is required.

Selecting Optimal CO2-Free Hydrogen Production Technology Considering Market and Technology (기술, 경제성을 고려한 최적 친환경 수소생산 기술 선정 방법)

  • Ji Hyun Lee;Seong Jegarl
    • New & Renewable Energy
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    • v.19 no.2
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    • pp.13-22
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    • 2023
  • With the increased interest in renewable energy, various hydrogen production technologies have been developed. Hydrogen production can be classified into green, blue, gray, and pink hydrogen depending on the production method; each method has different technical performance, costs, and CO2 emission characteristics. Hence, selecting the technology priorities that meet the company strategy is essential to develop technologically and economically feasible projects and achieve the national carbon neutrality targets. In addition, in early development technologies, analyzing the technology investment priorities based on the company's strategy and establishing investment decisions such as budget and human resources allocation is important. This study proposes a method of selecting priorities for various hydrogen production technologies as a specific implementation plan to achieve the national carbon neutrality goal. In particular, we analyze key performance indicators for technology, economic feasibility, and environmental performance by various candidate technologies and suggest ways to score them. As a result of the analysis using the aforementioned method, the priority of steam methane reforming (SMR) technology combined with carbon capture & storage (CCS) was established to be high in terms of achieving the national carbon neutrality goal.

Development of Evaluation Model for the Korean New & Renewable Energy Policies : Focusing on RPS & FIT (한국의 신재생에너지 정책의 평가모델 개발 : RPS 및 FIT를 중심으로)

  • Kim, Jong-Jae;Hwang, Chan-Gyu;Moon, Chae-Joo
    • The Journal of the Korea institute of electronic communication sciences
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    • v.8 no.9
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    • pp.1333-1342
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    • 2013
  • New & renewable energy becomes a crucial subject to solve the problems inherent in the current energy resources, which results in the fast development of the new & renewable energy industry worldwide. However, not only its base is still weak but the high initial investment for technology development and certain scale of an energy market are required in many cases. For this reason, many countries in the world, including Korea, run the energy policies to foster the new & renewable energy industry such as RSP and FIT. In general, a policy should be established to take various, intertwined interests as well as a number of variables related to economic, social, environmental, and international matters into comprehensive consideration. For new & renewable energy industry, there are many variables to be considered and indexes necessary for evaluation but it is hard to take all of them into account. Even though they were considered, no criteria are available for use in a consistent manner. Therefore, this study plans to develop an evaluation model for the Korean new & renewable energy policy.

Renewable energy statecraft and asymmetric interdependence: how the solar energy industry is wielding China with geopolitical power

  • Vasconcelos, Daniel de Oliveira
    • Journal of Contemporary Eastern Asia
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    • v.20 no.2
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    • pp.259-277
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    • 2021
  • This article investigates the geopolitics of the energy transition era, concentrating on China's solar photovoltaic (PV) industry. Authors have noted that the rise of renewables is changing the geopolitical landscape of world energy systems, but these new energy sources carry their own technical characteristics and geopolitical implications. Bearing this in mind, this research answers the questions: What are the structural factors that facilitate China's use of renewable energy to achieve political goals, and what are their implications? In order to analyze the data, I devise an analytical framework based on the energy statecraft literature and contrast rival explanations, particularly the "prosumer theory" and the premise of less geopolitical interdependence in a renewable-centered world. I show that asymmetric interdependence in the solar PV sector is already a reality. China's solar PV industry is a case that suffices all conditions (centrality in industrial capacity, market share, and companies' compliance, but to a lesser extent in critical materials and technological endowments) in the solar PV sector to devise effective strategies aimed at reaping benefits out of its asymmetric interdependence with the rest of the world.