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South Korea: S. Korea's renewable energy sector logs solid growth in 2010.
Section: General News - South Korea's renewable energy industry posted solid growth in 2010 as the country moved to reduce greenhouse gas emissions and its reliance on fossil fuels, a government report showed Monday.
The report by the Ministry of Knowledge Economy showed the industry's sales jumping 58 percent on-year to 8.12 trillion won (US$ 7.23 billion) last year, with exports soaring 77 percent to $ 4.58 billion.
Reflecting overall growth potential, private sector investment into such areas as solar power generation, wind farming, thermal heat and fuel cells topped 3.55 trillion won for a gain of 22 percent from 2009, it said.
"The growth in the …
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