<ul><li>Solar is projected to become the most cost competitive energy source in South Korea by the early to mid-2030s, according to research by Lawrence Berkeley National Laboratory.</li><li>Renewable energy technologies, particularly solar and offshore wind, are expected to experience cost declines, while nuclear and natural gas costs are projected to increase and decrease, respectively.</li><li>By 2030, large-scale solar is anticipated to be the most cost-competitive energy source, with a projected LCOE between $47/MWh and $48/MWh.</li><li>By 2050, renewables costs are expected to decrease significantly while solar is projected to be the most cost competitive energy source in South Korea, with an LCOE between $28/MWh and $36/MWh.</li></ul>

Solar set to become South Korea’s most cost-competitive energy source

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