Tidal Power in South Korea: Harnessing new frontier
in electricity generation
By MYRNA
M. VELASCO
December
21, 2009, 5:57pm
SEOUL, South Korea – With
trepidation over climate change risks, the charted path toward the world’s
energy future conjures shift to cleaner energy options - and it invariably
factors in renewable energy (RE) into the equation.
Various countries gear up for
multi-speed races into turning their energy sector as green as possible, but
the envisioned precipice of fossil fuels in the mix appeared harder-to- achieve
than imagined.
Energy planners are, by far,
not politically naïve at realities that the development of RE sources would
still take long lead time, hence, they can’t thrive as solution to short- or
even medium-term energy demand.
Even with all that
incentive-stuffing in RE policy frameworks, investment flows in the sector
remain negligible. Suffice it to say that despite ‘loud talks’ about greenish
energy, its sway in the investment domain relatively appears a bare whisper.
Nevertheless, there are
countries willing to place their bets on RE – it being considered the
inescapable option of the future. Raising hopes on an eventual rapprochement of
energy and the environment, the coal-fired and nuclear power-laden South Korean
energy market couldn’t be left behind in the coterie of countries embracing the
RE investment trajectory.
Exploiting a
largely-untapped potential
Technology experiments and
project takeoff from drawing boards are evidently widespread for traditional RE
sources – from geothermal to hydro, and even wind and solar which are already
gaining allure among project sponsors.
In the roster of RE sources
though, there is one resource considered largely untapped until now – tidal
current (also interchangeably referred to as tidal power) -- perhaps due to
technological limitation or high capital cost.
Tidal energy basically
involves a process wherein tides are converted into electricity – propelled
mainly by interaction of gravitational forces.
In the so-called ‘Land of the
Morning Calm,’ Korea East-West Power Co. Ltd. (EWP) jumpstarted technology
experiments on tidal energy via its helical-type 1.0-megawatt power project
along Uldolmok Strait in Dunjeon-ri Gunnae-myeon Jindo-gun Jeollanam-do.
EWP president Gil Gu Lee
acknowledged that tidal power projects remain relatively expensive to this
date. In fact, his company’s Uldolmok pilot undertaking costs $12 million for
the measly one-megawatt capacity – comparatively a hefty sum vis-à-vis
investments needed for fossil fuel plants or other energy sources.
"It is very expensive.
Without any subsidy, it (tidal power) cannot be economically viable. For the
experimental 1.0 MW plant we have, we invested $12 million,” he said.
But Mr. Lee expects economy
of scale when they can eventually prove the technology’s viability and would be
able to increase EWP’s tidal power capacity to 50 megawatts – in the near
future.
As the company sprints ahead
in establishing its investment base in the Philippines, EWP’s experience on
tidal current technology is something it is very much willing to share with the
Philippines when the opportunity for synergy or investment arises.
"The Philippines could be an
ideal site for developing tidal power, it has very many straits that are
potential for development,” the EWP chief executive said.
The function of
technology
The Uldolmok tidal energy
experiment, Mr Lee proudly claims, is a technology showcase for his country,
albeit he cautioned that it is still at its ‘infancy.’ To position it as a
clear winner in the field or even bring it to commercial scale is still a
formidable challenge that the company has to reckon with.
The technology application
employed in the project was set into fore with aid from the research center of
South Korea’s Marine Department. It entails construction of jacket-type
structure on-land which was then fixed onto a rock bed in the water that is
linked to a power generation facility.
It was explained that the
Uldolmok project employs tidal stream generator which no longer needs a dam in
processing tidal currents to produce electric power. This then makes the
technology more eco-friendly, primarily to marine life.
"The Uldolmok pilot project
holds the promise to become one of the largest projects of its type in the
world and one that may utilize most advanced technologies in the field,” the
company noted.
Overall prospects on
RE’s future
Nowadays, news on the energy
front is dominated by ‘green option tinge’ – especially with the on-going
Copenhagen debates that may crystallize a new global climate change treaty.
The fanfare over clean energy
and environment-friendly technology applications appears endless that many
countries have already been prompted to formalize, and in many cases even set
through legislation, their respective RE and ‘clean tech’ policy agendas.
The Philippines was among
those that joined the global ‘green energy bandwagon.’ The passage of its
Renewable Energy Law has drawn cheers, and it became an instant
attention-drawer for project prospects long-desired by both local and foreign
investors.
"The Philippines provides
attractive incentives, especially for renewable energy. If we have
opportunities, we will look with utmost priority at the Philippines,” Mr. Lee
said.
The planned investment tie-up
for wind farm projects, and may also eventually cover mini-hydro projects, with
local firm Alternergy Philippines Holdings Corporation is just the starting
point, the Korean firm assures.
Asked on probabilities that
the RE investment pathway of the Philippines may disappoint, Mr. Lee opined
there was nary a chance for failure if policies are set right and implemented
efficiently.
He noted though that RE as an
option may be a realization 10 years or more down the road. Yet while
traversing the transition phase, Mr. Lee noted it is crucial that the policies
such as the propounded feed-in-tariff (FiT), net metering, renewable portfolio
standard (RPS) and the measures on integration of intermittent RE sources into
the grid be dealt with resolutely to ensure unremitting investment influx for the
sector.
That way, the bid for
realistic competitive pricing for RE sources will thrive and the pernicious
dilemma of toxic emissions from energy sources can be truly addressed.