The South Korean government has announced plans to invest $84.4 billion in improving renewable energy efficiency over a period of five years.
These funds will go towards many different types of renewable energy projects, including solar. As well as cutting down the country’s use of fossil fuels, this project will also create over 1.8 million jobs.
Unlock unlimited access for 12 whole months of distinctive global analysis
Photovoltaics International is now included.
- Regular insight and analysis of the industry’s biggest developments
- In-depth interviews with the industry’s leading figures
- Unlimited digital access to the PV Tech Power journal catalogue
- Unlimited digital access to the Photovoltaics International journal catalogue
- Access to more than 1,000 technical papers
- Discounts on Solar Media’s portfolio of events, in-person and virtual
Youk Hyun Soo, part of the presidential committee on Green Growth said, “We also plan to attract private investors by introducing various financial products.”
New York-based JPMorgan Asset Management also agreed in June 2009 to set up funds totaling more than $1 billion to invest in South Korea’s alternative energy industry, this is the first overseas company to participate in the country’s renewable energy initiative.
