Siheung City Recruiting Applicants for Renewable Energy Installations to Cut Electricity Costs and Achieve Carbon Neutrality

Siheung City in Gyeonggi Province is accepting applications until June 1 from those interested in installing renewable energy systems as part of the "2027 Renewable Energy Supply (Convergence Support) Project," which aims to reduce energy costs for citizens and businesses and expand the adoption of renewable energy.

A view of Siheung City Hall. Provided by Siheung City

This project, with a total budget of approximately 2 billion won, is being promoted as a preliminary demand survey for participation in the "2027 Renewable Energy Supply (Convergence Support) Project" competitive bid by the Ministry of Climate, Energy and Environment. The city will partially support installation costs for solar power, solar thermal, and geothermal facilities for commercial, industrial (factory), and public buildings located in Siheung. In the case of geothermal facilities, residential buildings are also eligible to apply.

Eligible applicants are owners of facilities (buildings) in Siheung that can provide a building register or real estate registration certificate. Applicants should submit their documents to their respective administrative welfare centers. Based on this demand survey, the city plans to participate in the 2027 Renewable Energy Supply (Convergence Support) Project competitive bid. The final project scale, support amount, and selection of beneficiaries will be determined according to the results of the competitive evaluation.

In particular, the city expects that this project will help reduce the energy cost burden for citizens and businesses, expand the foundation for 100% renewable energy use (RE100), and contribute to achieving carbon neutrality.

For solar power installations, approximately 900,000 won out of the total installation cost of 1.44 million won per 1kW will be provided as a subsidy. Partial support will also be available for the installation costs of solar thermal and geothermal facilities.

Additionally, on average, a factory that installs a 30kW solar power system can expect to reduce its monthly electricity bill from about 1 million won to 620,000 won. For geothermal systems (17.5kW), monthly heating and cooling costs are expected to decrease from around 480,000 won to 150,000 won.

The city plans to actively encourage participation from companies located in industrial complexes and RE100 participating companies that need to transition to renewable energy. In particular, companies in industrial complexes, RE100 companies, and buildings registered as factories may receive additional consideration in the evaluation process, and related companies are encouraged to show interest. Depending on the type of application, additional documents such as an industrial complex residency certificate, renewable energy usage certificate, or factory registration certificate must be submitted.

Yang Soonpil, Director of Environmental Affairs, stated, "We hope that many citizens and businesses will take interest and participate so they can experience firsthand the reduction in electricity costs through renewable energy installations, and join us in the transition to carbon neutrality and energy transformation."

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