[IGEEC 2014] Rimtaig Lee, Chairman of KWEIA Speaks on 'Korean Wind Energy Industry'

2014-04-03, Reporter2 Reporter

Rimtaig Lee, the chairman of KWEIA(Korea Wind Energy Industry Association, www.kweia.or.kr) suggested where Korean wind energy industry will head for and got attention at 'International Green Energy Expo & Conference Korea 2014(IGEEC)' in DAEGU EXCO from April 2nd to 4th.

Lee stressed the fact that wind energy accounts for up to 30% of all the energy mix, calling it "the second shipbuilding industry" which is related with other various fields. However, he told there are many huddles to jump over. They are the rigid existing regulations. Especially, Ministry of Environment and Korea Forest Service has different regulation rules both against the position of KWEIA.

For example, those organizations give priority to the preservation of environment and forest unlike KEWIA which seeks for the energy generation from them. Every time summer comes, energy crisis makes the whole country worried. He appealed maintaining strict regulations is making it worse, saying "the deregulation on land wind power will be helpful a lot, in which regulatory reform is the most difficult."

According to him, mutual cooperation and deregulation can cause various positive changes such as creating jobs, making energy self-supporting available with economic development.

Also, he added wind power is usually generated in rural area, then it can expand the base by local residents who loans at low interest rate not rich people who just want to earn money from their investment. He said, "Project financing is under discussion. The government would furnish financing at low interest rate and local people can be stockholders".

"Last year, 13% increased. This year, we expect it to be increased from 60% to 100%. Korean conglomerates have developed systems focusing on offshore wind energy generation and it started to show good results at the end of the last year. If it ends well, all the wind power industry will be affected from it", Lee said.

'International Green Energy Expo & Conference Korea 2014' (IGEEC)(www.energyexpo.co.kr) hosted by Daegu Metropolitan City and Gyeongsangbuk-do includes 1000 booths of 300 companies from 25 countries exhibiting cell·module, material·components, power·pant system, solar cell·module production equipment. Three major companies; LDK, Gold Wind, Hanergy are featured on export consulting sessions .

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