Renewable Energy in Korea: Policy Shifts, Agrivoltaics, and New Market Instruments
- 14 minutes ago
- 2 min read
Written by: William DANIEL
Verified by: Dongqi YANG
Mt. Stonegate recently attended the 2025 Korean RE Sourcing Froum, held on June 10, 2025 in Seoul hosted by Corporate Renewable Energy Foundation (CREF). The event convened policymakers, industry experts, and research to exchange insights on the country's evolving renewable energy landscape and the implications of the new administration's policy direction.
The opening keynote reinforced the government's intention to expand renewable energy capacity as a priority within its broader climate stategy. While precise measures are still under discussion, there is a widespread consensus that clean and stable policy frameworks will be essential to attract sustained investment.
One of the central themes was agrivoltaics - the integration of solar power generation with agricultural activities on the same land. Speakers examined the technical and economical feasibility of this approach, as well as the policy and supply chain adjustment needed to encourage wider adoption. A memorandum of understanding (MoU) signed during the event demonstrated a concrete commitment to advancing cooperation and pilot projects in this area, which could help address Korea's longstandign land-use constraints for large-scale renewable installations.
In addition to policy shifts and generational models, it is worth noting that the Korean market recently saw the introduction on International Renewable Certificates (I-RECs). This new instrument allows independent tracking and verification of renewable electricity in line with global standards. However, it comes with certain limitations: projects supported under Korea's Renewable Portofolio Standard or other direct subsidies are not eligible to issue I-RECs. As a result, the certificates are expected to serve niche segment, primarily independent power producers and corporates with international decarbonization targets seeking credible options for voluntary renewable claims.
In summarry, the forum highligted both the progress and challenges ahead for Korea's renewable energy sector. With clear policy direction, innovative models like agrivoltaics, and new instruments such as I-RECs complementing domestic mechanisms. The country is laying the groundwork for a more flexible and diverse clean energy market.
Mt. Stonegate reamins committed to working alongside partners and stakeholders to support the growth of credible, scalable renewable energy solutions across Korea and wider region.
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