Worldwide Renewable Energy Race

March 25, 2010 | 16:26
Worldwide Renewable Energy Race
Worldwide Renewable Energy Race
The die is cast. Ocean energy is the future. Just yesterday I read a report on ocean energy investments in Scotland. Today South Korea casts a big shadow over the Scottish plans. Korea Western Power Corp (WP) will invest a total of 1.22 trillion won ($1.07 billion) to build 20 tidal power plants, starting next year. Holding Asian tradition high, the powerplants will have a total capacity of 520 megawatts (MW), the world's largest. South Korea is still heavily dependent on oil and gas imports. According to South Korean officials, renewable energy is a first step towards 'energy independence'. It wouldn't surprise me to see a full scale, worldwide 'renewable energy' race.

via WBCSD
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