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South Korea seeks triple renewables as fossil fuel power import bill heads USD 25 billion
South Korea aims to expand its renewable energy capacity to 100GW by 2030 to reduce its high economic exposure to fossil fuel price shocks. While the country possesses strong industrial capabilities in solar, batteries, and transformers, it faces significant challenges regarding land availability and grid bottlenecks, particularly in transmitting power from hubs in Honam and Yeongnam to the Seoul area.
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