Government procurement price of rooftop solar storage 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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3 FAQs about [Government procurement price of rooftop solar storage in Korea]

How much does a solar PV tender cost?

The tender will be split into two parts, with 1.8GW allocated for wind—itself split between 1.5GW for offshore wind and 300MW for onshore wind—and 1GW allocated for solar PV. The upper price limit for bids will be set at KRW157.3/kWh (US$0.11/kWh) and is an increase on the upper limit set for last year’s tender, which reached KRW153.5/kWh.

How much solar power does Korea generate in 2022?

The PV electricity in 2022 corresponds to ~4,9% of total electricity generation (626 448 GWh) in Korea. PV in buildings is getting more and more interest in urban areas, and recent zero-energy building mandates put more pressure on building owners to install more PVs in the building.

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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