SND to open 1 GW factory for TOPCon solar modules in South Korea
SND has announced plans to build a new factory in Gwangju, South Korea. It will also produce panels with an unspecified tandem technology. It plans to open the factory in 2025.
South Korean government begins nationwide inspection on solar parks
South Korean authorities have already identified 2,267 cases of illegal subsidy use for renewable energy plants. They also ascertained that agrivoltaic projects presented as such had no agricultural activities being implemented.
South Korea kicks off 2 GW PV tender
Selected projects will be awarded a fixed rate under a 20-year contract under the country’s renewable energy certificate (REC) scheme and will sell electricity to local power distributors.
South Korea’s first renewables-linked PPA
Korean beauty products supplier Amorepacific has agreed to buy electricity from 5MW of renewables operated by LNG provider SK E&S. The 20-year deal is South Korea’s first step into unsubsidized renewable energy development.
South Korea’s Kepco to deploy 100MW of highway PV
Korea Electric Power Corp. plans to build solar on highways in two 20MW stages, followed by a third phase, under a government program to facilitate the development of energy-independent roads.
South Korea’s largest PV plant goes online
South Korean energy producer South-East Power has started operating a 150 MW solar plant in South Jeolla province. The project was partly backed by crowdfunding among local residents.
South Korea installed 4.4 GW of PV capacity in 2021
South Korea’s cumulative installed PV capacity hit 22 GW at the end of 2021, according to provisional figures from the Korea Energy Agency.
South Korea allocates 2.2 GW in PV tender, final average price comes in at $0.119/kWh
Selected projects will be awarded a fixed rate under a 20-year contract under the country’s renewable energy certificate (REC) scheme and will sell electricity to local power distributors.
South Korea deployed 2.82 GW of solar in first nine months of 2021
In the third quarter of this year, around 677 MW of new PV systems were connected to the Korean grid, which is comparatively lower than in the same quarter a year earlier. According to local analysts, the market contraction is due to delayed permitting because of expanding siting restrictions.
OCI reports strong sales growth for polysilicon business
High polysilicon prices helped South Korean supplier OCI to achieve strong results in the third quarter. Tight supply and demand conditions will likely continue until the first half of 2022, the company said.
