There are signs of overheating of solar power investment throughout the country ahead of the Korean government`s announcement of new renewable energy policy.

According to industry sources, on December 18, the government has decided to introduce a strong new renewable energy policy. Mr. Kim, who has been in the solar power generation business for 10 years, said, "Seosan A and B reclamation districts have land prices of 4,000 ~ 5,000 pyeong of salty agricultural land suitable for the photovoltaic business were KRW 20,000 ~ 30,000 per square meter and it is said that it is difficult to catch a sale even if land prices are rising when sleeping, "he said.

Besides, it is said that five or more mid-sized photovoltaic contractors have begun to review the feasibility of the solar power generation project in the Saemangeum area although the utilization plan for the Saemangeum reclaimed land has not yet been established. In the areas of Gyeongbuk, Jeonbuk, and Chungbuk where sunshine is good, prices for forests suitable for photovoltaic business are rising sharply.

Meanwhile, Gwangju Metropolitan City`s photovoltaic power plant operator said, "The amount of sunshine in Jeollanam-do is more than 10% higher than the national average, so solar power companies are driving, but the land price is relatively low compared to the metropolitan area and the initial investment cost is low. The land price of 30,000 won per pyeong in idle land exceeded 50,000 won recently, "he said.

A solar operator who wanted to be anonymous stated, "There has been a boom in the past chicken house among retirees, but nowadays there is a lot of investment in the solar field." Except for bit coin and P2P (personal) financing, as it has only a solar power business that can achieve stable return on investment. "The company said, "Compared to Europe such as Germany, Denmark and Norway, Korea has an absolute lack of solar resources, so if the company does not guarantee long-term profit, it will be difficult for the renewable energy business to spread." Recently, we could not think of hot air as speculation, but we should look at revitalizing rural areas."

However, in some areas where it is difficult to secure profitability even if solar energy-linked ESS (energy storage device) is installed to secure a stable power source due to a shortage of sunshine, the complaints of the distributors are increasing. There is also a case in which requests for the return of the prescription funds are delayed when the solar power business is delayed due to clashes with residents and local government regulations that restrict the permission of the photovoltaic business all over the country. One solar expert said, "If you install solar power alone and you can solve the farmland and land prices are going to increase several times, "He said.

By Ye Jin Soo jinye@


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