The Inexperienced Vitality Expo, South Korea’s largest photo voltaic occasion, attracted the next variety of guests and exhibitors this 12 months, highlighting the energy of the home PV trade, regardless of latest negatives. regulatory change.
The twentieth Worldwide Inexperienced Vitality Expo and Convention – held final week in Daegu, South Korea – highlighted the energy of the nation’s photo voltaic trade, regardless of a political setting that seems to supply little room for clear vitality.
the The tenth Primary Plan of Lengthy-Time period Electrical energy Provide and Demand, which was not too long ago printed by the South Korean authorities, diminished the 2030 renewable vitality goal from 30.2% to only 21.6%. The federal government additionally introduced plans to cut back its feed-in tariff coverage and scale back the quantity of renewable vitality certificates (RECs) issued underneath the renewable portfolio commonplace (RPS) scheme for 2023 and past. These adjustments may scale back the dimensions of South Korea’s photo voltaic market from round 4.4 GW in 2021 and a pair of.7 GW in 2022 to greater than 2 GW in 2023, in keeping with a number of analysts.
Nevertheless, occasion organizer Exco stated that the commerce present doesn’t endure from these drawbacks. It famous that 300 firms from 25 international locations participated this 12 months, with 32,800 guests. “The 2022 version hosted 21,124 guests,” stated an Exco spokesperson. pv journalnoting that the truthful can also be greater when it comes to complete flooring area, though it didn’t present any particular numbers.
Home trade
The success of the occasion is partly ensured by the energy of the home module and inverter trade. The nation is residence to main gamers equivalent to Qcells, Hyundai and OCI Photo voltaic, and so they all current their newest merchandise on the present.
Qcells, for instance, at present has 4.5 GW of annual manufacturing capability for cells and panels at its South Korean services. “However we plan to extend our cell capability to five.3 GW by the tip of 2023,” a spokesperson stated. pv journal.
Hyundai at present has 1.4 GW of module capability and 1.1 GW of cells. “We at the moment are about to current our new heterojunction modules,” stated an organization spokesperson.
OCI Photo voltaic presents two new efficiency inverters. It stated it plans to broaden its gross sales abroad as a result of improve in inverter demand.
Different South Korean module producers on the commerce present embody Shinsung E&G Co. which operates an 800 MW module meeting facility. SDN, which at present operates two panel meeting factories, will even be on the present, as will Hansol, which owns a 500 MW module meeting facility.
As well as, inverter producer DASS Tech introduced a few of its units to the commerce present. It stated that demand from outdoors South Korea is rising now. “We at present have an annual capability of 600 MW, however we could improve this relying on future market situations,” stated a spokesperson.
The soundness of this home trade relies upon partially on latest carbon footprint guidelines. This helps South Korean producers as a result of the nation has loads of nuclear capability. Nevertheless, the principles don’t utterly exclude overseas producers from coming into the market.
“Regardless of the carbon footprint necessities, Korea stays an open market with many alternatives,” stated Cindy Hu, managing director of Yingli Photo voltaic. “Nevertheless, we’re contemplating figuring out some native companions to qualify for these necessities, however it might take a while.”
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