Korea - Renewable Portfolio Standard (RPS) :
2012 – 2022The RPS mandate requires utilities to generate a percentage of their power from renewable sources, specifically, wind, solar, biomass and fuel cells. If a utility fails to meet this mandate, fines are assessed for non-compliance. Measures are also in place for government buildings and large energy users to invest in on-site renewable power generation.
Korean utilities are required to obtain 2% of power generation in 2012 from renewable sources, increasing by 0.5% each year through 2015, then by 1% per year reaching 10% by 2022.