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South Korea finalises plan to boost renewable power generation

South Korea has finalised a power supply plan that aims to boost the country's renewable power generation for the next 15 years.

According to Reuters, the Ministry of Trade, Industry and Energy (MOTIE) finalised its 8th Basic Plan for Long-term Electricity Supply and Demand on December 29. The final version is “largely unchanged” from the draft which was put forward by MOTIE on December 14.

South Korea plans to meet 20 percent of its total electricity consumption with renewables by 2030. To achieve that goal, the country aims to increase its installed capacity of renewable power to 58.5 GW by 2030, up from 11.3 GW in 2017.

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