Redrock power South Korea

What's new at Red Rock Power Limited?

Red Rock Power Limited is excited to announce a new name and brand for the business – Red Rock Renewables and “The Pebble”.

Who is Red Rock renewables' new CEO Xiaomeng Chen?

Xiaomeng Chen, Red Rock’s new CEO appointed at the end of 2023, said: “It is an exciting time for Red Rock Renewables and today’s rebrand announcement marks a significant step change for our business. The last few years have been tough for the business.

What is Red Rock renewables & 'the Pebble' branding?

Red Rock Renewables and ‘The Pebble’ branding represents our identity as a Scottish business and the characteristics we hope to continue building – a pebble is a refined, polished rock; small but strong, resilient and agile. It symbolises our commitment to the sector, the ongoing evolution of our operation and the energy transition.

Can South Korea achieve net-zero emissions?

Right now, no power plants in South Korea are fitted with carbon capture technology. A multi-trillion-dollar opportunity The journey to net-zero emissions hinges on $2.7 trillion of investment and spending between now and 2050 to decarbonize South Korea’s energy system, 37% higher than in an economics-led transition.

Will South Korea's energy transition be economics-driven?

Should the country’s energy transition proceed along an economics-driven trajectory – what BNEF calls its Economic Transition Scenario – there would only be an 18% decline over this period. “South Korea still has a chance to meet its 2030 emissions reduction target,” said David Kang, BNEF’s Head of Japan and Korea Research.