South Korea's solar thermal market grew 17% in 2012

2014-01-10 | Courtesy: Solarthermalworld | solarserver.com © Heindl Server GmbH South Korea's solar thermal market grew 17% in 2012 with 63,800 square meters of collector area installed, according to statistics published by Solarthermalworld. Systems larger than 300 square meters represented 22% of this collector area, and systems smaller than 12 square meters only 30%.  A number of policies have been driving the Korean solar thermal market. These include both mandatory solar thermal requirements for government and public buildings, as well as a law that requires minimum spending on renewable energy for new and renovated buildings above a certain size. Due the mandatory requirement, the collector area on public buildings more than doubled to 15,300 square meters in 2012. As of January 2014 this requirement was changed to fulfill a 12% renewable energy share in buildings' predicted energy demand. More information and a link to full statistics can be found on the Solarthermalworld website.