Solar set to become South Korea’s most cost-competitive energy source

South Korea Eyes Solar Power Supremacy by 2035: Can This Shift Outshine Nuclear in Just a Decade?

South Korea is on track for a major clean energy milestone. Solar power is expected to become cheaper than nuclear energy between 2030 and 2035. Rapid improvements in solar panel efficiency and lower installation costs are driving this change. By 2035, solar is projected to lead the nation’s power generation. This shift supports a national goal of 80% renewable energy, aligning climate priorities with energy security and economic growth. South K…

Solar set to become South Korea’s most cost-competitive energy source

A research team based at Lawrence Berkeley National Laboratory says that solar could have the lowest levelized cost of energy (LCOE) of all energy sources in South Korea by the early to mid-2030s. Solar is set to become the most cost competitive energy source in South Korea by 2030 to 2035, according to researchers from the Lawrence Berkeley National Laboratory. Their research paper, “Assessing the Levelized Cost of Energy in South Korea,” evalu…