Siheung Receives 'A' Grade in New and Renewable Energy Convergence Support Project, Secures 1.3 Billion Won in National Funding

Plans to Install 2,114 kW of Solar, Solar Thermal, and Geothermal Facilities Next Year

On November 20, the city of Siheung in Gyeonggi Province announced that it had secured 1.3 billion won in national funding after receiving an A grade in the public evaluation for the "2026 New and Renewable Energy Convergence Support Project" hosted by the Ministry of Trade, Industry and Energy and the Korea Energy Agency.

The Ministry evaluates projects based on the feasibility of the business plan, policy implementation capabilities, and the expected impact on energy transition, assigning grades accordingly. An A grade is awarded to the top 10% of projects. The city explained that the national funding secured through this evaluation is the largest amount among local governments in Gyeonggi Province.

Including the national funding, the city plans to invest a total of 3.4 billion won next year to install a total of 2,114 kW in new and renewable energy facilities, including 1,360 kW of solar power, 224 kW of solar thermal energy, and 530 kW of geothermal energy.

The city plans to use this project as an opportunity to strengthen the foundation for the supply of new and renewable energy, while also continuing to implement various policies such as expanding energy reduction initiatives, establishing a foundation for carbon neutrality, and alleviating the energy cost burden on citizens and businesses.

Lim Byeongtaek, Mayor of Siheung, said, "We will continue to expand renewable energy supply and carbon neutrality policies that citizens can truly feel."

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