The Korean government has announced a plan
for spurring the growth of the renewable energy industry.
It plans to invest nearly two billion dollars this year，… with the aim of creating a
market worth over 4 billion U.S. dollars by 2017.
Here′s our Kim Min－ji with the details. The Korean government plans to invest about
1－point－7 billion U.S. dollars to give the renewable energy sector a boost.
Under its three－year plan，… the government plans to foster growth in eight key areas，
including electric vehicles and solar panel rentals.
It plans to increase the number of EVs in the country from 3－thousand to 44－thousand
by 2017… and will build almost 600 new fast chargers for plug－in vehicles across the
country. The government will also expand solar panel
rental services to cover over 22－thousand households，… from the current 10－thousand.
The government is eventually hoping to build a market worth some 4－point－3 billion
dollars by 2017… and create some 14－thousand jobs.
The government will also develop key technologies， including those related to fuel cells， biofuel…
and carbon capture and storage. It will also increase the number of so－called
″energy－reliant islands″ which depend on clean and renewable energy rather than
fossil fuels to nine from the current one. The government also plans to strengthen cooperation
with international parties，… in order to support local firms seeking to export new
technologies and clean energy sources overseas. Kim Min－ji， Arirang News.