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Korea New & Renewable Energy Center

South Korea: Renewable Building Obligation Increases Market Size

Submitted by Baerbel Epp on January 8, 2014
At the end of December 2013, South Korea published the official 2012 statistics for the national solar thermal market. The country saw the installation of an additional 63,774 m² of glazed collector area – a plus of 17 % compared to 2011 (see detailed 2011 statistics) and a decrease by 9% compared to 2010. The chart shows the share of the different installation sizes in the newly installed collector area in 2012. Every fifth collector was part of a solar thermal field of more than 300 m² – definitely a high number. Only one-third of the total market volume was installed as part of small units with less than 12 m2. All state subsidy schemes and obligations mandate collector certification. According to industry representatives, there is an unofficial market with non-certified systems, whose size is difficult to estimate. 
Source: Korea New & Renewable Energy Center (KNREC)

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