South Korea targets 6,500GWh clean hydrogen power in new bidding market

South Korea is launching a bidding market for up to 6,500GWh of electricity to be produced from clean-hydrogen-fired power generation over 15 years.

The Ministry of Trade, Industry and Energy (MOTIE) today (May 24) said operations awarded contracts under the schemes must start by 2028, with successful bidders allowed a three-year preparation period and a one-year grace period.

Available for 100% hydrogen-based electricity generation, ammonia co-firing with or hydrogen co-firing with natural gas, bidder will be selected on bid price of electricity produced as well as greenhouse gas (GHG) emissions from hydrogen production.

Companies will be able to bid using hydrogen produced with up to 4kg of CO2/kg of hydrogen.

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