Solar power connected ESS to get ‘4.5 times weight’ benefit
Ye Jin Soo | jinye@ | 2017-11-20 10:14:45
`New Regeneration Energy 3020 plan`
Solar-connected energy storage (ESS) business is expected to be economically viable. The Korean government is expected to introduce an extraordinary support system that extends the ESS facilitation incentive sunset period from the existing 2020 to 2021 for one year or gives a REC (renewable energy supply certificate) weight of 4.5 to the electricity produced for seven years from the ESS establishment date. A weighting of 4.5 is a strong incentive to recognize 4.5 times the power of sunlight. The government plans to announce the "3020 Implementation Plan for New and Renewable Energy" (Roadmap), which will include such measures, and will announce on the 27th that it will extend the ESS Promotion Incentive Sustainment Period for one year. It is under scrutiny for an amendment that will delay the sunset.
The `3020 Implementation Plan for New & Renewable Energy` is a key government task for the government, President Moon Jae-in, who plans to raise the current 7% level of renewable energy generation to 20% by 2030. In the roadmap, we plan to increase the generation of photovoltaic and wind power generation, which has the highest generation efficiency, to 80% of the total renewable energy. In order to promote de-coal and de-coal policy with solar and wind power, it was the biggest challenge to secure the economic efficiency of ESS that maintains constant power generation efficiency even on cloudy days and low winds. Solar power and wind power are expected to explode if the government increases the incentive grant period for ESS, which is experiencing difficulties due to the cost of expensive ESS solutions, to a level that is economically viable.
Meanwhile, the Korean government plans to expand the use of new and renewable energy facilities, including spare facilities, to 36 new Korean-type nuclear power plants through four major strategies, namely, improving economic efficiency of new and renewable energy, eliminating the problem of location of new and renewable energy, expanding infrastructure for accessing renewable energy, We plan to increase it to 60GW. To this end, the implementation plan included a new and renewable energy support system that is far stronger than expected and measures to resolve the problem of location problems.
The government will relax restrictions on the location of land to allow renewable energy development projects such as solar power and wind power temporarily in idle sites such as `salt-free` farmland (land that is difficult to farm due to high salinity) and dams and reservoirs, And expand farming-type businesses that combine agriculture and solar energy in rural development areas.
Prior to the announcement of the implementation plan, the government is also considering introducing a `Green Pricing` system, which will buy new and renewable electricity more than existing electricity prices. As for the government policy, which is a core task, the government decided to create a social and economic business model based on new and renewable projects, such as the creation of an `eco-friendly energy town`. Consumers selling new and renewable energy developed by ordinary individuals to neighbors are also expected to be allowed to sell. Energy prosumer "system that combines energy consumption and production.
By Ye Jin Soo jinye@
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Solar-connected energy storage (ESS) business is expected to be economically viable. The Korean government is expected to introduce an extraordinary support system that extends the ESS facilitation incentive sunset period from the existing 2020 to 2021 for one year or gives a REC (renewable energy supply certificate) weight of 4.5 to the electricity produced for seven years from the ESS establishment date. A weighting of 4.5 is a strong incentive to recognize 4.5 times the power of sunlight. The government plans to announce the "3020 Implementation Plan for New and Renewable Energy" (Roadmap), which will include such measures, and will announce on the 27th that it will extend the ESS Promotion Incentive Sustainment Period for one year. It is under scrutiny for an amendment that will delay the sunset.
The `3020 Implementation Plan for New & Renewable Energy` is a key government task for the government, President Moon Jae-in, who plans to raise the current 7% level of renewable energy generation to 20% by 2030. In the roadmap, we plan to increase the generation of photovoltaic and wind power generation, which has the highest generation efficiency, to 80% of the total renewable energy. In order to promote de-coal and de-coal policy with solar and wind power, it was the biggest challenge to secure the economic efficiency of ESS that maintains constant power generation efficiency even on cloudy days and low winds. Solar power and wind power are expected to explode if the government increases the incentive grant period for ESS, which is experiencing difficulties due to the cost of expensive ESS solutions, to a level that is economically viable.
Meanwhile, the Korean government plans to expand the use of new and renewable energy facilities, including spare facilities, to 36 new Korean-type nuclear power plants through four major strategies, namely, improving economic efficiency of new and renewable energy, eliminating the problem of location of new and renewable energy, expanding infrastructure for accessing renewable energy, We plan to increase it to 60GW. To this end, the implementation plan included a new and renewable energy support system that is far stronger than expected and measures to resolve the problem of location problems.
The government will relax restrictions on the location of land to allow renewable energy development projects such as solar power and wind power temporarily in idle sites such as `salt-free` farmland (land that is difficult to farm due to high salinity) and dams and reservoirs, And expand farming-type businesses that combine agriculture and solar energy in rural development areas.
Prior to the announcement of the implementation plan, the government is also considering introducing a `Green Pricing` system, which will buy new and renewable electricity more than existing electricity prices. As for the government policy, which is a core task, the government decided to create a social and economic business model based on new and renewable projects, such as the creation of an `eco-friendly energy town`. Consumers selling new and renewable energy developed by ordinary individuals to neighbors are also expected to be allowed to sell. Energy prosumer "system that combines energy consumption and production.
By Ye Jin Soo jinye@