South Korea Super Capacitor Market to Witness Robust
The South Korean market for super capacitors is heating up, buoyed by advancements in technology and increasing demand across various end-user segments.
Korean players have been pursuing the technological edge of premium solar cells and modules, incorporating diverse technical approaches such as n-type mono wafer, PERC (Passivated Emitter and Rear Contact) process, half-cell technology and bifacial modules.
The PV electricity in 2022 corresponds to ~4,9% of total electricity generation (626 448 GWh) in Korea. PV in buildings is getting more and more interest in urban areas, and recent zero-energy building mandates put more pressure on building owners to install more PVs in the building.
OCI stopped its solar-grade polysilicon production in Korea since 2020, and the Korean plant is only producing polysilicon for semiconductor industry with the capacity of 4 700 tonnes. All solar-grade polysilicon is produced in Malaysia.
This tender fits within South Korea's broader decarbonization roadmap. The country's 11th Basic Plan for Electricity Supply and Demand, confirmed earlier this year, lays out a vision to expand renewable energy capacity from 30GW in 2023 to nearly 122GW by 2038. Solar is expected to account for over 77GW, while wind installations will approach 41GW.
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