Categories: NewsPower Generation

Can Samsung be 100% Renewable By 2020?

Electronics conglomerate Samsung has announced its intentions to become completely fossil-fuel free across its US, European and Chinese sites by 2020.

The firm has said clean energy sources will be adopted by all of its factories, office buildings and operational facilities in these regions, with the scheme affecting 17 of its 38 manufacturing bases.

Samsung executive vice-president Won Kyong Kim said that the company is “fulfilling its duty as a corporate citizen” in its support of clean energy, stepping up “as a global environmental steward”.

The proposed measure follows widespread global protests led by environmental groups, such as Greenpeace, demanding Samsung sets a clear renewable energy goal for both its operations and supply chain. The firm is due to release its sustainability report soon, expected to contain further details of the scheme and the ways in which the company will achieve it.

In addition to these efforts, Samsung is also stepping up renewable measures in Korea, with plans to install around 42,000m2 of solar panels in Samsung Digital City, Suwon.

It will also add approximately 21,000m2 of solar arrays and geothermal power generation facilities in its Pyeongtaek campus in 2019, and in its Hwaseong campus the following year.

In line with the new commitments, Samsung has signed up to the World Wildlife Fund’s (WWF) Renewable Energy Buyers’ Principles and joined the Rocky Mountain Institute’s Business Renewables Center.

The commitment has been applauded as a first for the electronics industry in Asia, with many pointing to the need for industry participation in renewable energy efforts, and expressing hope that the move will inspire other large corporations to follow suit.

WWF global partnerships director Jochem Verberne responded to the announcement, voicing his support of the decision and his desire to assist the company “reduce [its] climate impact across its value chains”.

Greenpeace executive director Jennifer Morgan also responded, labelling the decision a “major step forward for the movement to build a renewably powered future”.

However, doubts remain over how successful the transition will be, given that renewable energy currently makes up only 1% of Samsung Electronics’ total energy consumption, which itself amounts to 16,000GWh, according to 2016 figures.

Greenpeace East Asia IT campaigner Insung Lee said the commitment “could have an enormous impact in reducing the company’s massive global manufacturing footprint”, though he added that Greenpeace, and others who protested against Samsung’s work, will be closely watching to ensure it follows through on its promise.

Lee added that achieving climate targets would only be possible if large companies set renewable energy targets and if government policies enable the easy achievement of such targets.

Pimagazine Asia Admin

Recent Posts

Insuring Wind Turbines, What is the Risk?

Gallagher Re has shed light on the significant challenges insurers face when providing coverage for…

8 months ago

ARENA Start Feasibility Study in Western Australia

The Australian government will disburse AUD 1.7 million (USD 1.1m/EUR 1m) in grant funding to…

8 months ago

Asia moving away from Solar?

GlobalData’s latest report, ‘Asia Pacific Renewable Energy Policy Handbook 2024’ is among the latest region-specific…

8 months ago

Asia’s Energy Challenge 2024

The electrical generation market is facing a number of challenges, including the need to increase…

8 months ago

Powering Progress: Nuclear Energy’s Role in Asia’s Energy Landscape

Nuclear energy has emerged as a prominent player in Asia's energy landscape, offering a reliable…

1 year ago

Charting a Cleaner Path: Carbon Capture and Storage in Asia

The pursuit of a low-carbon future has gained significant momentum globally, and Asia stands tall…

1 year ago