KOMIPO pays upfront checks for small REC sellers

Korean utility Korea Midland Power decided to make advance payments to small-scale PV owners who are in REC contracts with the company. The decision is made to mitigate financial hardship the owners are facing due to the COVID-19 pandemic, the company explained. KOMIPO will pay a lump sum, which amounts to three months’ estimated worth, and the money will be later deducted from future transactions.

Source: KOMIPO

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