Jeonnam Province Begins Establishing the 'Honam Ultra-Wide Area Energy Economic Community' RE300

[Muan=Asia Economy Honam Reporting Headquarters Reporter Yoon Jamin] Jeonnam Province announced on the 24th that it has formed the Honam Ultra-wide Area Energy Economy Community together with Gwangju Metropolitan City, Jeonbuk Province, and the Democratic Party of Korea, and has launched the ‘Honam RE300 Establishment Preliminary Feasibility Study.’

This feasibility study holds great significance as a starting point for promoting a large-scale project for national balanced development in Honam, where the potential and possibilities for renewable energy generation are the greatest amid the global shift toward energy transition, in collaboration with the Democratic Party of Korea.

‘Honam RE300’ aims to replace 100% of energy demand with renewable energy and supply the excess production exceeding 200% to major energy demand areas such as the Seoul metropolitan area.

It is a project to establish an energy economy community that achieves energy self-sufficiency through a wide-area dedicated renewable energy power supply network and shares profits from surplus sales with the residents.

In particular, it concretizes the bold vision for Honam to produce 300% of the region’s electricity consumption through renewable energy generation by 2050, focusing on expanding renewable energy, establishing a power self-sufficiency network, and designing a profit-sharing system.

The briefing held at the National Assembly on this day announced the feasibility study plan with the attendance of Lee Nak-yeon, leader of the Democratic Party, Kim Tae-nyeon, floor leader of the Democratic Party, and numerous Democratic Party lawmakers.

The province expects that the realization and achievement of the ‘Honam RE300’ goal will be possible as the southwestern coast, optimal for offshore wind power sites, and abundant solar power generation sites are concentrated.

Jeonnam Governor Kim Young-rok said, “We will lead the energy transition through the proclamation of the ‘2050 Carbon Neutral Vision’ in March and the hosting of COP28 in the southern coastal and southern central regions centered on Yeosu,” and requested, “Please enact early the ‘Special Act on the Promotion of Wind Power Development,’ which can process various permits and approvals in a one-stop manner for the successful promotion of large-scale power complexes such as Sinan offshore wind power, and the special law related to Korea Energy University, which plays the role of an energy platform so that Honam can serve as a hub for the Northeast Asia supergrid.”

Meanwhile, the ‘Honam RE300 Establishment Preliminary Feasibility Study’ will be conducted by Technology and Value Co., Ltd. over three months until May.

This content was produced with the assistance of AI translation services.