Production volume of new and renewable energy South Korea 2016-2022

In 2022, around 15.7 million tons of oil equivalent of new and renewable energy were produced in South Korea. According to the source, new and renewable energy took up 5.17 percent of the primary energy supply in South Korea that year, an increase from 4.66 percent the previous year. Clean energy sources have become all the more important as the risks of climate change and volatility in sourcing traditional fossil fuels grow.

Energy demand and supply in South Korea

South Korea has stated its commitment to a sustainable energy transition, but it is uncertain whether its new and renewable energy production can keep up with future demand. Energy consumption in the country continues to increase with few signs of slowing down, and there is still a high reliance on energy imports. However, technological advancements have motivated greater utilization of alternative energy sources, such as renewables and fuel cells. 

Alternative energy sources

Most expectations for a clean energy future are high for solar and wind, with private installations of solar panels becoming more popular. Regions like Chungbuk, Jeonbuk, and Jeju already have a considerable share of their power generated from renewable sources. While these are likely to continue growing, other sources like hydrogen-based energy are also becoming popular alternatives.