Korea, results of public tender for PV subsidy in the second half of 2017
Last Friday, KNREC announced an open competitive bidding result following a long-term PV solar subsidy contract This open competitive bidding, which is twice a year, arranges for a 20-years long term contract by fixed price between the suppliers of PV solar power and major electrical power supplier in Korea Through 20 years long term contracts, the company will participate in competitive bidding for stable PV solar electricity sales at a fixed price. The most important factor at this time is the sales price offered by salespeople, which accounts for 70% of the total score The remaining 30% will be assessed for other capabilities, such as solar power plant management The target capacity for this bid was 250MW, of which 150MW, 70% of which was allocated to small-scale solar power plants of less than 100KWh 2,200 solar power plants applied bidding and their total capacity is 751 MW A total of 1,472 photo...