Written By: William DANIEL
Verified By: Albert SUTANTO
The Korean RE-Sourcing Forum 2024, held from October 31st to November 1st at the Ramada Jeju Hotel in Jeju, South Korea, brought together industry leaders, energy buyers, and sustainability professionals. This influential event served as a platform for discussing and exploring innovative strategies for sourcing renewable energy to meet corporate sustainability goals. Attendees ranged from major South Korean corporations to international non-profit organizations, all united in their commitment to promoting and advancing renewable energy action.
The forum facilitated extensive networking opportunities, enabling participants to connect with key stakeholders, learn from best practices, and build partnerships aimed at accelerating the adoption of renewable energy within corporate and industrial sectors. The 2024 edition focused on pivotal topics such as corporate power purchase agreements (PPAs), regulatory updates, innovative sourcing strategies, and the integration of renewable energy into global supply chains.
Key Discussions and Highlights
1. Diversification of Corporate Sourcing Options Professor Sangjun Lee from Seoul National University of Science and Technology highlighted the importance of broadening the range of renewable energy sourcing strategies for corporations. He emphasized alternatives to conventional PPAs, such as green tariffs, virtual PPAs, and on-site generation. These diversified approaches offer flexibility and cater to the varied energy requirements of corporations.
2. Policy Advocacy for Barrier Removal Jaepil Park, Country Head of Peak Energy, underscored the need for policy advocacy to dismantle regulatory and systemic challenges that impede renewable energy growth. His presentation focused on advocating for policies that simplify permitting processes, enhance grid integration, and provide financial incentives to support renewable energy projects.
3. Renewable Energy Procurement in China and Southeast Asia Albert Sutanto, Manager of SE Asia Market and Global EACs Sourcing delivered a compelling presentation on renewable energy procurement in China and Southeast Asia, highlighting market maturity and challenges corporations faced in their decarbonization journey in some key Asian countries. His insights shed light on cross-regional strategies and opportunities for businesses involved in renewable energy sourcing, offering practical guidance and expertise.
The discussions at the forum aimed to address certification systems, policy reforms, and the development of new market instruments, creating a stronger and more adaptable renewable energy market that aligns with corporate sustainability aspirations.
Mt. Stonegate’s Participation
Mt. Stonegate Green Asset Management played an active role in the event as a B2B sponsor. This sponsorship provided an opportunity to engage with some of Korea’s leading corporations, discuss their decarbonization journeys, and offer tailored solutions to support their sustainability goals.
Mt. Stonegate is proud to have participated in the Korean RE-Sourcing Forum 2024 and to have contributed to discussions that shape the future of renewable energy adoption. For those interested in staying informed about international cross-border and interregional market developments, as well as future seminars and events, we encourage visiting our website and subscribing to our newsletter. Our commitment is to support you in navigating the evolving landscape of renewable energy and sustainability.
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