South Korea is finalizing the design of its 30 000 rooftop programme which is expected to deliver 90 MW of grid-connected PV between 2004 and 2010.

The 330 billion KRW (275 million USD) initiative is likely to consist of a 20 % subsidy on installed costs of residential (3 kW) systems, coupled with a preferential tariff for (part of) the electricity fed into the grid. The buy-back rate for up to 30 % of the generated power is 716 KRW/kWh (0,59 USD/kWh), which is fifteen times more than the average electricity trading price.

PV industry development activities are currently focusing on optimizing 3 kW systems in time for the programme launch in 2004, with help from a 7,3 billion KRW (6 million USD) injection from the Ministry of Commerce Industry & Energy.

Contact:

• Kyung-Hoon Yoon
  Fax: +82 (0)42 86 03 739

[ Top ] [ Previous article in PV Power ] [ Next article in PV Power ]