• Journal of Energy Engineering
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• v.25 no.4
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• pp.110-123
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• 2016

Since increase in energy consumption and environmental issues started to grab global attention, various countries have had their own supporting policy to promote supply of renewable energy which is a stable and eco-friendly energy source. This study analyses Korean Renewable Portfolio Standard by comparative analysis of current policies in major countries in respect of design components of a pragmatic industrial policy system, such as political leadership, policy coordination and consultative committee discussion, and policy enforcement with responsibility and transparency. This is to identify problems and to present political suggestions for successful management of the standard based on a fundamental concept of the pragmatism industrial policy. It is predicted that the strategic cooperation between a market and a government leads to industry development as the relationships of two parties are regarded not as antagonistic but as complementary.

• 한국연소학회:학술대회논문집
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• 2012.04a
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• pp.227-229
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• 2012

Diversification of combustion fuel is the demands of the times and biomass is the most attractive option since it can contribute to the prevention of global warming at the same time. Due to the national renewable obligation, generally called Renewable Portfolio Standard (RPS), many power companies are considering direct combustion of biomass or co-firing with coal. In order to use biomass as a fuel, informations of its combustion characteristics and ash related problems should be investigated. In this study, combustion performance of biomass was assessed in a bubbling fluidized bed combustor, and ash characteristics of various biomass fuels were studied with standard test method.

• Journal of the Korean Institute of Electrical and Electronic Material Engineers
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• v.26 no.9
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• pp.690-700
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• 2013

This study reviewed how the changes of the government policy on solar power generation projects affected the annual mandatory quotas of the regulated power providers under the RPS (renewable portfolio standard) system and analysed economic feasibility of the investment for meeting their quotas as compared to the case of non-regulated power providers. The analysis results showed that under the discount rate of 7.5%, which was used for the annual national electricity plans for the recent years, both the regulated and non-regulated power providers achieved economic feasibility under both the NPV (net present value) method and the real option pricing method. It was also shown that higher profitability was attained by non-regulated power providers than by their regulated counterparts, which can be attributable to the fact that regulated providers are required to out-source 50% of the total quota. The results of this study are considered to be useful for establishing a meaningful mid term or long term strategy for the future of solar power generation linked to the current RPS system.

• Journal of the Korean Institute of Illuminating and Electrical Installation Engineers
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• v.29 no.7
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• pp.8-13
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• 2015

Recently, because a renewable power source must operate as a constant rate in accordance with RPS(Renewable Portfolio Standard), the study of the renewable power sources has been ongoing. Especially because of noise of wind turbine, troubleshooting, and urban greening business, research related with small wind turbine are underway. The economics and reliability are important parts for the activation of small wind turbine, such as solar energy. In this paper, by analyzing the temperature variations for each location and efficiency of power conversion devices in accordance with short period wind speed changes in simulation test, we reviewed the safety about temperature variations of wind generator and the method of selection of power converter.

• Journal of the Korean Institute of Illuminating and Electrical Installation Engineers
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• v.26 no.7
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• pp.30-38
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• 2012

Recently, interests in renewable energy have gradually increased. Photovoltaic system of various renewable energy is the most interest in power sources. Nowadays, the market of photovoltaic system is expected to be expanded due to the introduction of RPS(Renewable Portfolio Standard). Floating photovoltaic system is a new power system using the water surface above the dam and reservoir water. Floating photovoltaic system is different from the traditional approach to the development of solar power system causing problems such as environmental degradation. This paper investigates the analysis methods of suitable site for the development of floating photovoltaic system. The A,B,C as the optimal candidates were selected in hap cheon dam. The C is the best suitable site in A,B,C considering the expected power generation. Applied methods have effectively done to develop floated photovoltaic system.

• Environmental and Resource Economics Review
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• v.20 no.1
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• pp.61-98
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• 2011

This study conducts economic evaluation of alternatives for $CO_2$ reduction of thermal power plants. Two alternatives in reducing $CO_2$ emission are considered for the evaluation under the RPS(Renewable Portfolio Standard) system; one is to perform renewable energy quotas and another is to construct green thermal power plants using CCS(Carbon Capture and Sequestration). As evaluation methods, DCF(Discount Cash Flow) and ROPM(Real Options Pricing Method) are employed. At a discount rate of 7.5% applied to the Electricity Supply and Demand Plan, it is shown that green thermal power generation has economic dominance under both evaluation methods.

• New & Renewable Energy
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• v.8 no.4
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• pp.21-29
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• 2012

The extensible supply of New & Renewable energy resources desperately needs to counter the high dependence on imported energy, recent high oil prices and the Climate Change Conference, and the government has operated the 'Renewable Portfolio Standard' (RPS) as one of the renewable energy policy from 2012. By analyzing the operation case of combined heat and power plant using the woodchip biomass, we drew the price of wood chip fuel, plant capacity factor, electricity selling price, heat selling price and LCOE value. After analyzing the economic feasibility of 3MWe combined heat and power plant based on the operating performance, the minimum of economic feasibility has appeared to be secured according to the internal rate of return (IRR) is 6.34% and the net present value (NPV) is 3.6 billion won as of 20 years life time after installation, and after analyzing the cases of the economic feasibility of the price of wood chip, plant capacity factor, electricity and heat selling price are changed, the economic feasibility is valuable when the price of wood chip is over 64,000 won/ton, NPV is minus, and the capacity factor is above 46.9%, the electricity selling price is 116 won/kWh and the heat selling price is above 75,600 won/Gcal. When going over the new installation hereafter, we need the detailed review of the woodchip storage and woodchip feeding system rather than the steam-turbine and boiler which have been inspected many times, the reason why is it's hard to secure the suitable quality (constant size) of woodchip by the lack of understanding about it as a fuel because of the domestic poor condition and the calorific value of woodchip is seriously volatile compared with other fuels.

• 한국신재생에너지학회:학술대회논문집
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• 2011.11a
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• pp.149.2-149.2
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• 2011

This paper conducted an analysis of economic effects of offshore wind power in Korea with benefit/cost analysis. The existing feed-on tariff, which was too low to support wind power development, was recently replaced with a Renewable Portfolio Standard(RPS), effective from 2012. According to the new regulatory policy, The Korean government has announced a strategy to draw investments worth for offshore wind farms with a total capacity of 2.5 GW over the next eight years, which is expected the change of cost and benefit. After overview the offshore wind power development status, The effects on cost can be divided by economic, environmental and social factors. Each factor will be calculated and combined by both evaluating index and using Quantification methods. At the end, the implication for the evaluation of feasibility of offshore wind power of Korea will be done.

• 한국태양에너지학회:학술대회논문집
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• 2012.03a
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• pp.529-533
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• 2012

By introducing RPS(Renewable Portfolio Standard) for reduction of greenhouse gas, Renewable energy sources have becoming widespread gradually. However, Renewable energy sources, such as wind power and PV are difficult to control the output and they have intermittent characteristics of the output. These characteristics would cause some problems when it is connected in the power system. In order to solve these problems, Energy Storage Systems(ESS) are considered to use. Although there are many different storage devices, the utilization of Secondary Battery is the one of the best ways to stabilize an output fluctuation of RES because of its fast responsibility. For that reason, it would better fit a large-capacity of Secondary battery for stabilization. However, batteries cannot be installed with a large capacity blindly because of its expensive cost. So to select proper capacity of the battery is an important consideration. This paper presented a methodology for the optimal capacity and operation of ESS in microgrids.

• Journal of Energy Engineering
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• v.23 no.4
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• pp.106-111
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• 2014

In order to manage the gradual increase of electricity demand, the United States, Japan, and Europe are seeking to achieve overall change of electric power system by introducing solutions such as smart grid. Among these solutions, there are various research projects regarding the Electricity Storage System (ESS), which aims to promote the efficient usage of electricity and grid system of new and renewable energy system. Korean government revised the law by including ESS in new and renewable energy facilities to accelerate ESS deployment. Following the same direction of the government policy, this study suggests methodologies of setting REC weighted value that guarantees investment financial feasibility when new and renewable power producers install ESS.