South Korea Makes Renewable Energy Push
The country is expected to have over 10 gigawatts of photovoltaic installations by 2020
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South Korea is expected to add more than 1 gigawatt of photovoltaic installations this year for the first time, propelled by government support for renewable energy, according to Bloomberg New Energy Finance. The Korea Energy Agency organized its first fixed-price solar auction this year, which helped generators get financing. Annual PV growth is forecast to reach 2 gigawatts by 2020, bringing the total to over 10 gigawatts.