South Korean government support policies for solar power generation

The South Korean government has been concerned about the world energy market trends, the development of renewable energy up to "national energy strategy" height take it seriously and take a series of effective measures to adopt preferential policies to support multi-Korean solar industry has developed rapidly. The South Korean government support policies for solar power generation include: financial support. Solar power equipment, spare parts production, installation of facilities and operations to provide long-term low-interest financing, in order to reduce the burden of the enterprise initial investment funds.

Technical support. According to the Korean Ministry of Knowledge Economy announced the 2008 freshmen, renewable energy technology development support funds amounted to 199.4 billion won, including the off grid inverter energy sector, decided to allocate 10 billion won a year to each of the strategic research and development projects, the longest support period long up to five years to promote the development of core technology breakthroughs and put into use as soon as possible. Deficiency payments. The electricity produced by the solar power plants due to the high prices of cost factors, the early stages only rely on government subsidies to develop.

The approach taken by the South Korean government: solar power plants sold to the national grid tariff publicity with the Government of the difference between the standard tariff subsidized by the government. As a result, South Korea has government support, business investment and local participation in the development of the cause of solar power. South Korean Ministry of Knowledge Economy said the person, to overcome the crisis, the Korean government will develop a series of countermeasures to achieve the policy objectives of the 2015 to become the world's fifth largest solar energy industry power.

According to the new introduction of the industry development plan, South Korea from 2012 to the new size of up to 100 megawatts of solar energy equipment, from early 2013 to commence power generation. Korean solar companies are working with local governments to actively promote solar popular programs. Hanwha Solar August 13, 2012 with the Seoul Metropolitan Government signed a memorandum of understanding before the end of 2014, an investment of about 300 billion won to build 100 megawatts of solar power generation facilities in the the Seoul stadiums and other large building roof and leisure facilities, Seoul City its simplify the use of the building and licensing procedures, after the completion of the project, the annual supply of 1.1 billion kilowatt-hours, enough, Seoul 35,000 families a year, at the same time can reduce 4.65 million tons of coal, the environmental effects of planting 34,800 pine considerable.

In addition, South Korea Chungcheongbuk April last year signed with the Solar Energy Industries Association business book of cooperation, intends to follow the example of Germany and China to build solar industry cluster; OCI Company Sacheon, Gyeongsangnam in May last year signed a memorandum of understanding to build a 40-megawatt wind turbine inverter power plant . In addition, the South Korean Ministry of Knowledge Economy also plans to create a domestic market in the short term, in order to improve the industry operating rate. To ensure liquidity, the Korean government will build in the next three years, the total size of up to 260 megawatts of solar power generation equipment.

Meanwhile, the new renewable energy obligations quotas (RPS RenewablePortfolioStandard) from 230 MW adjusted to 330 MW in 2013 (new renewable energy obligations quotas energy supply unit must be new renewable energy supply among a certain percentage). In order to promote domestic demand, the South Korean Ministry of Knowledge Economy also plans to implement power consumption more enterprise legal obligation to use a certain percentage of re-renewable energy system. The same time, the Government will provide new renewable energy supply companies provide a convenient export tax rebates, to make it easier to obtain export guarantees. In addition, South Korea R & D center of the solar energy projects over the next five years will invest 150 billion won (about 830 million yuan) of the R & D funding.