Chungnam Province Invests 45.6 Billion KRW in Renewable Energy Expansion

Expansion of Renewable Energy Supply through Combined National and Independent Projects
Expanding Renewable Energy Supply to Achieve a Carbon-Neutral Economy

Chungnam Province will invest a total of 45.6 billion KRW (including 15.6 billion KRW in national funds) in renewable energy distribution projects.

On the 15th, Chungnam Province announced that this year it will promote four national fund projects including convergence support, housing support, village hall solar thermal installation support, and expansion foundation establishment, as well as three self-funded projects including senior center solar power installation, resident-led energy self-sufficient village creation, and resident profit-type village power plant installation.

Convergence support is a project that supports two or more complementary energy sources (such as solar power + geothermal) in specific areas’ residential, public, and commercial buildings. A total of 31.8 billion KRW will be invested in this project, covering 3,193 locations in 10 cities and counties with a total capacity of 16,121 kW (㎡).

Housing support is a project to install renewable energy facilities such as solar power in single-family and multi-family homes. With a budget of 11 billion KRW, solar power facilities amounting to 5,250 kW (3 kW per household) will be installed in 1,750 households. The support amount per household is 6,264,000 KRW.

Village hall solar thermal installation support will invest 900 million KRW to install 646㎡ of solar thermal facilities in 20 locations, providing 49 million KRW per location.

The renewable energy expansion foundation project involves installing renewable energy facilities in buildings owned and managed by local governments. With an investment of 100 million KRW, a 136 kW solar power facility will be installed at the Chungnam Research Institute.

Chungnam Province will also promote a senior center solar power installation project as a self-funded initiative. The project involves installing 390 kW of solar power facilities in 130 senior centers with a budget of 900 million KRW.

The resident-led energy self-sufficient village creation project will support renewable energy facilities of 3 kW per household, totaling 90 kW, for two villages (30 households), with a project budget of 200 million KRW.

The resident profit-type village power plant installation project supports solar power installation in villages wishing to establish community power plants. It will be installed in nine villages with 30 kW each, totaling 270 kW.

A Chungnam Province official said, “To realize a carbon-neutral economy, we will expand the distribution of renewable energy to public buildings, private homes, social welfare facilities, and idle land,” adding, “We also plan to continuously discover ways to expand renewable energy for achieving Renewable Energy 100 (RE100).”

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