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> issue 20 > Last updated: 16 June 2004 |
The Solar Land 2010 (30 000 roof-top) programme commenced in January. In addition to a subsidy equivalent to 70 % of the typical installed system costs, owners can also benefit from a 15 year guaranteed buy-back rate that covers the full difference between the PV electricity price and the marginal electricity price. Currently this provides 670 KRW/kWh (0,57 USD/kWh).
Korea is seeking to repeat the industrial successes it has achieved with semi-conductors and TFT-LCD screens. The aim for 2012 is for 1,3 GW installed and 10 % share of the world market. This would equate to exports of 3 billion USD and employment for 50 000 people.
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