Under South Korean government’s 3rd Energy Master Plan as the new strategy for energy development to 2040, which was proposed in April and was approved at Cabinet meeting in June, 2019, renewables would cover 35% of total power demand by 2040 with around 129GW to be installed, and the government sees the potential to deploy up to 235 GW of solar and wind in the country.

With new PV installed capacity reached 889MW, 1.3GW, 2.02GW respectively in 2016, 2017 and in 2018, we witness the solar market is growing steadily and is one of the most promising and tremendous solar market in Asia Pacific. According to the latest MOTIE statistics, Korea added around 1.64 GW of new solar generation capacity in the first seven months of 2019, if the current trend continues throughout the remaining part of 2019, the country will post another record in annual solar installation. Meanwhile, with the lack of land for large ground-mounted solar plant, the solar development in South Korea will mainly focus on floating solar, Rooftop C&I, solar + ESS and sub-1MW system. To achieving the 2040 Vision, it is time that both local and international players shall join hands to seek the opportunities and tackle the challenges ahead of the industry.

To further push forward the solar power development in South Korea and facilitate the collaboration between local and international, Neoventure Corporation is planning the 2nd RE series event in South Korea – 2nd South Korea Solar + ESS Summit 2020, which will be scheduled at on 21-22 April 2020 in Seoul, South Korea, the Expo will combine with Large Exhibition, Conference, Project Match-Making Forum creating a one-stop business matching platform for all industry players to share their knowledge and to expand business contacts in South Korea’s rapid growing solar energy sector. We do look forward to seeing you in Seoul this April!

About Neoventure

Neoventure is a professional investment advisor and event organiser with its registered office in Shanghai and Hong Kong. The company provides market intelligence and sources asset-based
investment opportunities in emerging markets. We support our clients for new market entry through our project advisory services and investment match-making event.

Since 2008, the company’s footprints have spread across most of the investment destinations in the Asia Pacific region, which includes Australia, China, Malaysia, Indonesia, Unite Arab Emirates, Myanmar, Vietnam, Turkey, Lao PDR, and elsewhere.

As a dedicated enabler of business, we are honoured to be associated with some of the most prestigious names in today’s commercial world. Understanding their ever-changing needs for business development, we are able to serve them with real business opportunities in emerging market.

Should you have any other enquiry about this event, please feel free to contact Ms. Leah Huang via marketing@neoventurecorp.com or visit our website www.neoventurecorp.com/south-korea-solar-2020/ for more details.

We do look forward to your participation!