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Home - Technology - South Korea provides support for agricultural voltaic energy
Technology

South Korea provides support for agricultural voltaic energy

solarenergyBy solarenergyApril 25, 2024No Comments2 Mins Read
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The South Korean government has announced a new package of measures to support agricultural voltaic projects. It says that agrivoltaic activities should be a priority for agricultural companies.

April 24, 2024 Emiliano Bellini

South Korea’s Ministry of Agriculture, Food and Rural Affairs has issued three new measures to support the deployment of agricultural voltaic facilities across the country.

The first and most important measure consists of extending the permit for the use of unused agricultural land for agrivoltaic energy generation from eight to 23 years.

“Regional governments plan to work with the Ministry of Trade, Industry and Energy to provide policy incentives regarding agricultural solar power generation projects,” the South Korean government said in a statement.

However, it also made clear that agrivoltaic activities should be an exclusive right of agricultural companies.

“We will provide training to farmers on the licensing and permitting procedures to increase their understanding of agricultural solar power generation projects and operate them stably,” the report said. “Related insurance products will be developed jointly with the Ministry of Trade, Industry and Energy to support a stable business model.”

The ministry said it will regularly monitor the development and construction of agricultural voltaic projects, to verify that agricultural activities are carried out on a regular basis.

“If an agricultural solar energy generation project is approved illegally, authorities may revoke permits and impose fines and penalties,” the report said.

The Ministry of Agriculture, Food and Rural Affairs is expected to issue secondary legislation in 2025 to implement the proposed measures.

According to the latest statistics from the International Renewable Energy Agency (IRENA), South Korea had approximately 27.04 GW of installed PV capacity at the end of 2023. Last year, the country added about 3 GW of solar power.

See also  India to reach energy storage capacity of 490 MWh by June 2025 – SPE

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