Curated News
By: NewsRamp Editorial Staff
May 29, 2025
Solar Power to Dominate South Korea's Energy Market by 2035
TLDR
- Solar energy poised to be South Korea's most cost-efficient source by 2030 to 2035, offering competitive advantage to early adopters.
- Research from Lawrence Berkeley Lab shows solar energy to have lowest LCOE in South Korea by 2030 to 2035, based on availability and innovation of solar products.
- Transition to solar energy in South Korea fosters a greener future globally, reducing reliance on non-renewable sources and promoting sustainability.
- Solar energy trend in South Korea highlights the shift towards renewable energy, showcasing the potential for a more sustainable and environmentally friendly world.
Impact - Why it Matters
This news matters as it highlights the rapid growth of solar energy as a cost-effective solution for South Korea's energy needs. As solar power becomes more affordable, it could lead to a significant reduction in carbon emissions and reliance on fossil fuels. This shift not only benefits the environment but also paves the way for a more sustainable energy future.
Summary
The Lawrence Berkeley National Laboratory in California has found that solar electricity is on track to become the most cost-efficient energy source in South Korea by 2030 to 2035. Solar energy, already the third-largest form of renewable energy globally, is expected to have the lowest levelized cost of energy (LCOE) in the country. Major players like SolarBank Corp. are driving the availability of innovative solar products, contributing to this shift.
Source Statement
This curated news summary relied on this press release disributed by InvestorBrandNetwork (IBN). Read the source press release here, Solar Power to Dominate South Korea's Energy Market by 2035
