S. Korea to get 42% of electricity from renewable sources by 2034

South Korea’s power generation capacity will consist of 41.9 percent of renewable energy by 2034, according to the final draft of the Ninth Basic Plan for Electricity Supply and Demand for the years 2020-2034.

The draft was drawn up and released by the Ministry of Trade, Industry, and Energy.

South Korea's electricity generation capacity is projected to surge from 120.5 gigawatts this year to 185.3 gigawatts by 2034.

It would also consist of liquefied natural gas at 31.8 percent, coal at 15.6 percent, and nuclear power at 10.4 percent.

South Korea's energy mix currently depends on coal.

Last year, coal contributed 40.4 percent of electricity generation in Korea.

It was followed by LNG at 25.9 percent and nuclear power at 25.6 percent.

Renewables accounted for just 6.5 percent of total electricity production.

The Ninth Basic Plan for Electricity Supply and Demand will be finalized after a public hearing on Dec. 24 and a policy review on Dec. 28.

The plan envisions the shutdown of 30 coal-fired power plants by 2034, with 24 of the facilities to be turned into liquefied natural gas power plants.