South Korea's solar energy utilization rate set a new record by adding new photovoltaic installations

      According to KUKA CABLE, South Korea’s newly installed photovoltaic capacity reached 4.1GW in 2020, setting the highest record ever in South Korea. At the same time, South Korea’s cumulative installed capacity also reached 15.6GW.

      As far as we know, the reason why South Korea suddenly made such a big breakthrough in photovoltaic installations is mainly because South Korea’s government policy pointed out that the power structure of renewable energy will reach 20% by 2030, which has promoted the rapid development of the local photovoltaic industry. .

      According to the data, South Korea's new photovoltaic installations in 2018 was only 2.4GW, and it reached 3.8GW in 2019, an increase of 58.3%.

      In addition, South Korea also wants to continue to increase the installed photovoltaic capacity to 42.7GW in 2025. For a long time in the future, South Korea will continue to grow. This is also a great opportunity for Chinese solar cable manufacturers and other Southeast Asian countries. Compared with countries, South Korea has better economic development and better business environment, which can greatly reduce the construction of photovoltaic projects and increase profitability.