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Business overview

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What is Photovoltaic Power?

This means that solar panels (semiconductors) that convert sunlight directly into electricity are installed in vacant spaces such as roofs and yards of buildings to produce stable electricity of good quality, This electricity can be used for electric products immediately.

What is Photovoltaic Power Generation Business

The Photovoltaic power generation business defined in the Act on the Promotion of Renewable Energy Use and Promotion is a project to produce and sell electricity using renewable energy. This Business is a project in which government agencies are guaranteed profitability through long-term contracts with fixed unit prices for 20 years or more.

Photovoltaic business is guaranteed to be close to the average annual revenue of 12% in '25year

Characteristics of Photovoltaic power generation business

  • - A Business to sell electricity to KEPCO for a certain period by installing solar panels on land, buildings, and factory rooftop after Photovoltaic power generation
  • - Stable returns are guaranteed by buying fixed amount for 15 years or 20 years in the country
  • - When the Photovoltaic power plant is installed in the forest land and agricultural land, the site is converted into a hybrid site, and the asset value is raised.
  • - Stabilized technology allows solar modules to last for more than 25 years and up to 30 years
  • - Photovoltaic power generation is eco-friendly business without pollution. Unlike wind power, there is no noise, so there is almost no complaints about environment groups and surrounding areas.
  • - Low maintenance costs with no need for special technical management

What is the Renewable Energy Portfolio Standard(RPS) System?

Owner of power generation is a mandatory system to supply a certain amount of total power generation as new renewable energy. It aims at promoting the use and distribution of renewable energy and revitalizing renewable energy industry.

1 Scope of supplier

Those with power generation facilities of 500 MW or more (excluding new and renewable energy facilities)

2 Supply Certificate

Facility size (excluding new and renewable energy facilities) Power generators and water resources corporations over 500 MW, District Heating Corporation

The Sales Composition of Photovoltaic Power Generation Business

The Revenue of Operator with Photovoltaic Power Generation

An Earning Rate Calculation of Photovoltaic Power Generation

Business Application Procedure

There are two types of licensing agencies for photovoltaic power generation projects.
Less than 3,000 kW Power generation facilities: Metropolitan cities, Angle municipalities
Over 3,000kW power generation facilities: Electricity Regulatory Commission
Usually permission is processed within 60 days.
The following is the procedure for applying for power generation license.

Power plant sites can not be applied collectively because of different regulations of local governments. However, Basically, we need to check whether there is a conflict with the cultural property protection law, waste law, farmland law, road law, national land planning and use law, Prior to purchasing the land, a preliminary screening of the complex civil affairs should be requested to the city, county, and district to be installed, and it must first be confirmed whether or not the power generation business is possible in the area to be installed.
In the case of farmland, agricultural development zones suitable for farming can not be approved for agricultural land, and agricultural protection zones can be approved after deliberation.


* Electric Power transmission relation view

  • - How to relate the power generated by the power plant to the power system and the drawing indicating the point (grid point)
  • - It is supported by the Technical Support Office of the Renewable Energy Center.