SMP fixed rate might end its short life

Some market sources say that MOTIE is considering putting the end to the ‘long-term SMP+REC fixed-rate scheme,’ which could be a major setback to the 2.4GW Saemangeum solar project. A media quoted market sources that MOTIE has put a revision on the table which will give fixed rates only to REC, leaving SMP under new floating rates. The fixed-rate scheme was implemented back in 2017 to resolve uncertainty in PV projects’ profitability.

While the revision is still in a realm of speculation, a MOTIE official commented that public hearings will be organized, Energy Newspaper quoted.

Source: Energy Newspaper

Share on twitter
Share on linkedin
Share on facebook

Leave a Reply

Your email address will not be published. Required fields are marked *

In the same category:

UVA Puller Solar Facility

Facebook이 PV 용량 100MW를 구매합니다

초대형 테크 기업들이 엄청난 규모의 재생에너지를 구입하고 있는 가운데 Facebook이 또다시 100MW를 추가했습니다. 미국 전력회사 Dominion Energy는 자사 홈페이지에서 미국 Greensville County에 위치한 100MW급 Sadler

Read More »