According to Korean government, around 18,000 unlicensed projects up to 1 MW in size are being developed in the area. Restrictions on such projects, which are driving this year’s strong solar growth in the country, are being introduced to reduce their environmental impact.
The South Korean solar developer will install a 2.67 MW floating solar farm on the Deoku Reservoir that will rotate to track the sun’s rays throughout the day, delivering a 22% increase in harvest, the company claims.
The South Korean solar company posted record revenues and module shipments last year, increasing 34.8% and 55% respectively year-on-year.
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