Jeonbuk Province, Shinan in Jeonnam, and Andong in Gyeongbuk Apply for Renewable Energy Integration Complexes... REC Weighting to Be Granted Upon Designation

Operation Procedures of the Integrated Complex.

[Asia Economy Reporter Jusangdon Joo] Recently, Jeonbuk Province applied for an offshore wind power project, and Shinan-gun in Jeonnam and Andong-si in Gyeongbuk applied for solar power projects as renewable energy cluster complexes.

The Ministry of Trade, Industry and Energy announced on the 25th that the renewable energy cluster complex system, implemented through the revision of the Renewable Energy Act Enforcement Decree in October last year, has officially started as it began accepting applications from local governments.

A cluster complex is a zone where renewable energy power generation projects (such as solar and wind power) exceeding 40 MW are rapidly promoted through local government-led site discovery and prior securing of acceptability and environmental factors. When a local government meets the cluster complex requirements and applies, and is designated through evaluation, the Ministry of Trade, Industry and Energy can grant the local government a Renewable Energy Certificate (REC) weighting of up to 0.1.

Since the implementation of the cluster complex system, Jeonbuk Province applied for an offshore wind power project on the 17th, and Shinan-gun in Jeonnam and Andong-si in Gyeongbuk applied for solar power projects as cluster complexes on the 29th of last month and the 18th of this month, respectively.

An official from the Ministry of Trade, Industry and Energy stated, "Currently, regions such as Incheon and Ulsan cities and Chungnam Province, which are promoting solar and offshore wind power projects, are also showing interest in the cluster complex system and making efforts to secure acceptability. After reviewing the local governments' cluster complex applications, the evaluation committee operated by the Energy Corporation, the dedicated agency, will conduct evaluations, followed by deliberation at the Renewable Energy Policy Committee. Projects that satisfy the evaluation and deliberation are expected to be designated as cluster complexes within this year."

Projects designated as cluster complexes are recognized as local government-led projects and are granted REC weighting (up to 0.1) to the local governments. The local governments will use the REC weighting revenue to improve renewable energy acceptability and expand dissemination within the project area.

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