POWER December 2020 - 13

GLOBAL MONITOR
followed by nuclear at 26% (from 24 reactors),
LNG power (25%), and renewables
at 7.2% (Figure 3).
Like Japan, South Korea is largely expected
to provide more details on how
it will achieve its goals as COP 26 approaches.
In his speech, Moon, who was
re-elected in a landslide earlier this year,
indicated the country will invest 8 trillion
won ($7.1 billion) in projects that support
establishing charging stations for electric
and hydrogen vehicles. Hydrogen is also
expected to play a larger role in power
generation via fuel cells. In November
2019, South Korea announced a larger
plan to transform 10% of its cities, counties,
and towns to hydrogen power-via
fuel cells-by 2030, and 30% of them to
hydrogen by 2040.
At least one major state-owned utility,
Korea Electric Power Corp. (KEPCO),
has so far taken notable strides toward a
low-carbon future. In late October, citing
sustainability goals, KEPCO said it would
convert its domestic coal-fired power
plants to LNG and divest from or convert
planned coal projects overseas.
So far, casualties of its new policy include
the 630-MW Thabametsi power
plant in South Africa's Limpopo province,
which had been slated to come online
in 2021. KEPCO held a 50% stake in the
$2.1 billion project with Japanese firm
Marubeni Corp., but as of Nov. 12, both
companies, along with key financiers,
South Africa's biggest state pension
fund manager the Public Investment
Corp. (PIC), and the Industrial Development
Corp. (IDC), had withdrawn from
the project. KEPCO's policy also puts the
1-GW Sual 2 plant in the Philippines in
limbo. KEPCO, however, plans to complete
the $3.2 billion 1-GW Jawa 9 and
1-GW Jawa 10 coal-fired power units
in Indonesia, which South Korean entities
are financing. It will also complete
the 1.2-GW Vung Ang 2 coal-fired power
plant in Vietnam. KEPCO is building that
project with several Japanese firms, but
they are also under increasing pressure
to divest from coal projects.
-Sonal Patel is POWER's senior
associate editor.
Projected Development of
Renewables in Cuba
As part of Cuba's National Economic and
Social Development Plan for 2030, the
country aspires to increase the share of
renewable energy on its electric grid to
24%. To accomplish this objective, the following
capacity additions have been proposed:
755 MW of biomass-fired power
December 2020 | POWER
plants (bioelectrics); 700 MW of photovoltaic
solar farms; 633 MW of wind power;
and 56 MW of small hydroelectric generation.
Several institutions and ministries
are coordinating with foreign companies
and firms to complete these projects.
Photovoltaic. Currently, there are 67
photovoltaic farms in Cuba, with another
13 under construction, which will add
about 42 MW to the existing installed
power capacity. At present, photovoltaic
generation contributes about 1.15% of
the overall energy consumption in Cuba,
with a total capacity of 157 MW. About
151,980 MWh were generated by solar
farms in 2018, while in 2019, solar production
increased to 241,442 MWh.
In order to generate 1 MW of solar
power, it is necessary to install an
average of 4,000 photovoltaic panels,
thus there are more than 600,000 panels
installed throughout the country.
Furthermore, the installation of 17,536
photovoltaic modules in rural areas that
previously lacked access to electric service
has improved the quality of life for a
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POWER December 2020

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