Dr Dong Joo Kim, Jeju Energy Corporation - Carbon-Free Island Jeju by 2030: Local Energy Transition Project in Jeju Island, South Korea
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Presentation by Dr Dong Joo Kim - OECD Focus Group Discussion: Investment models for scaling up renewable energy deployment in Indonesia's eastern islands, 21 October 2020
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Dr Dong Joo Kim, Jeju Energy Corporation - Carbon-Free Island Jeju by 2030: Local Energy Transition Project in Jeju Island, South Korea
- 1. 『Carbon-FreeIslandJejuby 2030』 Local Energy Transition Project in Jeju Island, South Korea 21 October 2020 Dr. Dong Joo KIM Mr. Dan Hyeong KIM The OECD CEFIM Programme Focus Group Discussion: Investment models for scaling up renewable energy deployment in Indonesia’s eastern islands
- 2. Introduction of Jeju Island1 ONTENTSC RE Fund of Jeju Local Government 2 3 Carbon-Free Island by 2030 Project The Challenges to Realize CFI 4 5 The Current Status of Power Supply
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- 6. 1 Sites in Operation Proposed Sites
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- 8. 8 TheFirst WindTurbine inKorea(1975) source: <JejuNewspaper> TheFirst Commercial WindFarminKorea(1997-2003) source: JejuHangwonWindFarm (9.8MW) TheFirst WindPower Demonstration Project inKorea(1995) source: JejuR.ETest SiteReport
- 9. 9 The First Commercial Offshore Wind Farm in Korea(2017) Jeju Tamra Offshore Wind Farm(30MW) The First Korean Wind Turbine Sites in Korea(2012) Jeju Gasiri Wind Farm(15MW) TheFirst Offshore WindPower Demonstration Project inKorea(2012) source: <JejuNewspaper>
- 10. 10 37.5% of All Generator in Jeju is Renewable Energy (Wind 290㎿, Solar PV 261㎿) Source: Korea Power eXchange, <Jeju Grid Annual Report 2019> [unit : 10㎿] Source 2018 2019 Steam 35.0 35.0 Internal Combustion 8.0 8.0 Gas Turbine 5.5 5.5 Combined 29.2 31.3 Wind 26.6 29.0 Solar PV 16.8 26.1 Others 0.9 0.9 PhaseModifyingEquipment 11.0 11.0 Total 133.0 146.8 14.4% electricity is generated by Renewable Energy
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- 19. 19 Purpose • To contribute local energy transition and people’s welfare, wind power operators donate a portion of profits/turnover to Jeju local government since 2016 Income • Donationsfromwindpoweroperators • DividendfromJejuEnergyCorporation • Others Expenditure • Renewable energy R&D • Support for energy poverty • Renewable energy Education • Others Q Who own and who should use the natural energy resourceslike the wind and the sun? A The people, who lived with nature and have conservedit, must have the rights to accessto renewable energy firstly. (2017) 2,390million KRW (2018) 3,870million KRW (2019) 4,250million KRWFund by Nick Youngson CC BY-SA 3.0 Alpha Stock Images Jeju RE
- 20. 20 • Increasing Curtailment of Wind Power due to over production above average load • Limit to grid connection capacity due to rapid RE construction • Lack of Transformer capacity in buildings due to increasing EV charge peak • Falling Profitability of RE due to decreasing power price
- 21. Thank you The OECD CEFIM Programme Focus Group Discussion: Investment models for scaling up renewable energy deployment in Indonesia’s eastern islands ecophd@ dankim@ jejuenergy.or.kr