Clean Energy Transition, Busan Mini Solar Power 2021 Distribution Project Launch
Recruitment and Selection of Participating Companies Completed by March, Applications Accepted from April
Total Support of 270 Million KRW for 340 Households Including Anchor and Stand Types This Year
[Asia Economy Yeongnam Reporting Headquarters, Reporter Kim Yong-woo] This year’s mini solar power distribution project, which converts urban energy to ‘clean energy’ without environmental pollution, is set to begin.
Since its implementation in 2014, this project has distributed mini solar power systems to a total of 1,980 households, contributing to the spread of clean energy and energy savings.
Last year, due to high subsidies and consistent promotional efforts, citizen participation was remarkable, and the project applications closed early.
This year, with 270 million KRW secured from city funds, 2,000 KRW per watt (W) will be supported for the installation of one unit per household in multi-family housing (apartments, row houses, multi-unit houses). Applications can be submitted by individuals and organizations.
To ensure smooth project implementation, participation companies holding electrical construction licenses based in Busan were recruited until March 23.
To strengthen safety and aftercare, participating companies must install according to the ‘Busan City Mini Solar Power Generation Facility Installation Standards’ and are responsible for defect repairs for five years after installation.
The city will complete the selection of participating companies by the end of March and will officially proceed with the project, including announcing the project plan and accepting applications in early April.
Hot Picks Today
"Stocks Are Not Taxed, but Annual Crypto Gains Over 2.5 Million Won to Be Taxed Next Year... Investors Push Back"
- "Don't Throw Away Coffee Grounds" Transformed into 'High-Grade Fuel' in Just 90 Seconds [Reading Science]
- KEPCO Three-Year Bond Yield Surpasses 4%... Warning Signs of Liquidity Crunch in Bond Market
- "Groups of 5 or More Now Restricted"... Unrelenting Running Craze Leaves Citizens and Police Exhausted
- "Even With a 90 Million Won Salary and Bonuses, It Doesn’t Feel Like Much"... A Latecomer Rookie Who Beat 70 to 1 Odds [Scientists Are Disappearing] ③
Lee Byung-jin, Acting Mayor of Busan, stated, “We will steadily establish a citizen-participatory eco-friendly energy production system by expanding the distribution of mini solar power generation facilities in multi-family housing.”
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
