Government procurement price of Solar Inverter in Korea

The ministry has released the details of the procurement exercise, with a ceiling price of KRW 155,74 ($113.6)/MWh for proposed solar projects.
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4 FAQs about [Government procurement price of Solar Inverter in Korea]

How much does inverter cost in Korea?

The price of inverter for residential system (3 kW) is around 715,000 KRW. Storage batteries Korean government has been awarding the multiplier of 5.0 in REC(Renewable Energy Certificate) trading of PV systems combined with ESS. The benefit was offered from 2016 and it would last by 2018.

What is one less nuclear power plant for Seoul?

The Capital city, Seoul has been campaigning “One Less Nuclear Power Plant for Seoul” since 2011 and conducted many programs to reduce the electricity consumption and to increase the NRE dissemination. This plan is to reduce the energy consumption in Seoul as much as 2 million toe (equivalent to the energy supplied by on nuclear power plant).

Why do local PV inverter players take initiative?

In domestic PV inverter market, local inverter players take initiative because local inverter companies are stronger than foreign inverter players in follow-up service which is important in PV inverter area. The price of inverter for residential system (3 kW) is around 715,000 KRW.

What is PPS' K-procurement campaign?

Through this campaign, PPS seeks to deliver a message of its unwavering passion, relentless innovation and the willingness to overcome limits - even under difficult conditions – while contributing to the recovery of the people’s livelihoods.Last year, PPS unveiled a promotional video titled "K-Procurement : The Next Stage" themed about Ballet.

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