Yeosu City Conducts 2021 Demand Survey for Fostering 'Renewable Energy Self-Reliant Villages'

[Asia Economy Honam Reporting Headquarters Reporter Lee Hyung-kwon] Yeosu City, a hopeful host city for COP28 (the 28th UN Climate Change Conference of the Parties), has begun a demand survey for applicants wishing to participate in the '2021 New Renewable Energy Supply Convergence Support' public project to reduce greenhouse gas emissions and alleviate the economic burden on citizens.

The convergence support project involves the integrated installation of renewable energy sources such as solar power, solar heat, and geothermal energy not only in residential homes but also in public buildings, commercial buildings, and factories.

The city has prioritized Daegyo-dong and Gukdong areas, where houses and commercial and seafood factories are densely located, as the project target sites with the goal of fostering self-sufficient renewable energy villages.

This public project by the Korea Energy Agency is conducted with 50% national funding, 30% local funding, and 20% self-payment upon selection. For a 3KW facility, an average monthly electricity bill reduction of 40,000 to 50,000 KRW is expected, and the self-payment recovery period is 2 to 3 years, making it a project with high resident satisfaction.

In the case of solar power, for residential homes, the facility cost for a 3KW system is 5,028,000 KRW, with a self-payment of 1,006,000 KRW. For all buildings except residences, the facility cost is 1,881,000 KRW per 1KW, with a self-payment of 376,000 KRW. Applications can be made for up to 100KW depending on electricity usage.

Eligibility for support includes owners of detached or multi-family houses or buildings and factories located in Gukdong and Daegyo-dong. Applications can be submitted through the respective community service centers or local neighborhood leaders by May 11. After document screening and on-site evaluation by the Korea Energy Agency, final selections will be made in September, and the project will commence in March next year.

A city official stated, "We hope for active interest and participation from residents in the renewable energy convergence support project to reduce citizens' economic burdens and create an eco-friendly city."

Meanwhile, Yeosu City has formed a consortium for participation in the public project, with ShinHo Engineering Co., Ltd. as the lead organization. The project will be gradually expanded in the future depending on citizens' response.

This content was produced with the assistance of AI translation services.