Doren Market Aims
Doren Project in the spotlight at power plants!
Doren is aiming for a future that renewable energy will be widely used. So, let us take a look at what market Doren is aiming for.
Its global investment in new renewable energy in 2018 is worth $288.9 billion. Global renewable energy investment reached its highest level with U$326.3 billion in 2017, with 47.1% in advanced countries, 31.6% in China, and 21.3% in developing countries (excluding China), while China, U.S., EU, Brazil and India are leading the investment. In particular, China accounts for about one-third of global renewable energy investment, and investment in developing countries has exceeded developed countries since 2015.
As of 2019, the global renewable energy total market is about $9,200 Billion, which is equivalent to the automobile industry market. Among them, South Korea is worth about $ 42 Billion, accounting for 0.5 percent of the global market. In Korea, the policy on new renewable energy generation/supply is weaker than in China and advanced countries, and it is still in its infancy in terms of facility investment. However, it introduced a mandatory RPS supply system in 2012 and announced a goal of supplying 11% of its primary energy to new renewable energy by 2030. Hydrogen fuel cell energy generation in Korea is currently in the blue ocean area, with a relatively low ratio due to new renewable energy focusing on solar and bioenergy. The high efficiency of hydrogen fuel cell energy and the reduction in facility costs are quite similar to the ideology of new renewable energy.
Doren views that this market needs to grow more and will thrive to be part.
DoRen Project
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