“The nation’s goal is a big change from the current situation and is thus a positive development, but it is not as ambitious as many other countries which have already achieved large shares of renewables in their electricity mix. Germany already has over 40 percent renewables in its electricity consumption,” she added.
Korea FIT
In order to improve this situation, the Ministry is planning to introduce a feed-in tariff system tailored to South Korea. This system will make it mandatory for the six public power generators to purchase energy produced by solar panels with a capacity of less than 100kW when owned by cooperatives or farmers or with a capacity of less than 30kW when opened by private business operators. The energy will be purchased at a fixed price for the next twenty years.
