199.52KW - Rooftop Solar Solution in Korea
Nov 16, 2022Location: China
Installation Date: 2022.11
Generating Capacity: 199.52KW
In South Korea, with the government's emphasis on renewable energy and related policy support, the solar energy market is developing rapidly. Among them, rooftop solar energy, as the 1 solution to efficiently use space and reduce carbon emissions, has received widespread attention.
Policy Support and Market Demand
The South Korea government has pledged to achieve carbon neutrality by 2050 and plans to increase the share of renewable energy to more than 20% by 2030. In order to promote the development of solar projects, South Korea has introduced the long-term power purchase agreement (PPA) mechanism for the first time, allowing projects with a winning scale of more than 1 MW to sign agreements with domestic power consumers for up to 20 years. These 1 policies have greatly contributed to the rapid development of commercial and residential solar roof mounting systems, especially the increasing demand for metal roof photovoltaic bracket systems.