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Investment of 48.3 Billion Won in 'Renewable Energy Expansion Project'

Expansion of participatory renewable energy distribution in line with no-nuclear, no-coal-fired power generation policies

2020.06.30(화) 22:53:40 | 도정신문 (이메일주소:ktx@korea.kr; ktx@korea.kr)

Expansion of renewable energy distribution
▲ Expansion of renewable energy distribution

In 2020, Chungnam invests 48.3 billion won, an increase of 11.9 billion won from last year, into seven new and renewable energy supply projects that focus on ‘participatory renewable energy distribution.’ It is a 32.7% increase in budget compared to last year.
The Province will supply renewable energy such as 16,161㎾of PV solar energy, 2,346㎡ of solar heat, and 7,927㎾ of geothermal heat to 5,135 places including detached houses.

In partnership with the Korea Energy Agency, the Province provides financial support as follows: (1) 33.1 billion won for 2,812 households that install more than two types of renewable energy, including 8,193㎾ of PV solar energy, 1,312 ㎡ of solar heat, and 7,927㎾ of geothermal energy, (2) 9.2 billion won for 1,835 detached houses to install 5,505㎾ of photovoltaic power to reduce their electricity bills, (3) △ 2 billion won for 123 public facilities including social welfare facilities to install 779㎾ of photovoltaic power, (4)1.2 billion won for 32 community centers to install 1,034㎡ of solar thermal facilities to reduce their heating costs, (5) 700 million won for 20 self-employed and small businesses to install PV power stations that can generate 400㎾ of electricity.

Separately, the Province by itself offers the following financial support: (1) 1.5 billion won to install 927㎾ PV power stations at 309 senior facilities as part of its energy welfare initiative, and (2) 600 million won to install 357㎾ PV power stations in four villages as part of its ‘Resident-led Energy Independent Village Project’ where residents take the lead in installing renewable energy facilities such as PV power stations.

While focusing on the expansion of renewable energy facilities, the Province will procure equipment required to maintain an appropriate efficiency level of its existing PV power stations and help create more jobs in the renewable energy sector.  

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