South Korea's energy ministry on June 4 said it had finalized plans to raise the share of the country's power output generated from renewable sources to as much as 35% by 2040.
The plan was largely unchanged from a draft released in mid-April that aimed to boost renewable power generation more than four-fold from current levels while reducing coal and nuclear power.
Asia's fourth-largest economy is shifting towards cleaner energy amid growing criticism over its air quality.
At present, coal power accounts for about 40% of the country's total electricity needs, while renewable power makes up nearly 8%.
The M&A market is challenged but there are still deals getting done. In this video, we look at what deals are proving to be beneficial for companies at this time.
he targets include the Xlapak and Pok-A-Tok prospects, among others, with typical gross unrisked resources ranging from 75-150 million barrels of oil equivalent each, Talos said in a news release.
With estimated recoverable resources of 4.4 billion standard cubic meters, Snefrid Nord is expected to produce 4 million cubic meters of gas per day on plateau