An academic event will be held in April to present research on the profitability of ‘agricultural solar power’, which can combine solar power generation and farming.
EXCO (CEO Lee Sang-gil) Secretariat announced on the 2023th that it is releasing the ’20 Solar Power Market Insight (PVMI)’ program, which discusses policies and market trends in the solar power sector, and is holding a pre-registration event for admission tickets.
This event will be held under the theme of ‘The future of solar power generation for RE100 implementation’, including analysis of the global solar power market, as well as the latest in solar power policy and investment, agricultural solar power, floating solar power, and urban and building solar power markets. Information is made public. At this event, which will be held simultaneously online and offline, solar energy experts from major organizations such as Bloomberg, EIRP, and ESMC will participate as speakers.
Among the conference programs, expectations are especially rising for the agricultural solar energy session. This is because the story that open field cultivation and solar power generation can be combined is highly profitable has become a public issue. Nam Jae-woo, director of the Korea Agricultural Photovoltaic Association, said, “Agricultural solar power can sufficiently increase the profits of farmers.”
According to the association, a farm can expect an annual profit of 600 million won from cultivation based on an area of 120 pyeong, while an additional annual profit of 766 million won can be expected if agricultural solar power is installed. This is the result of generating power for 3.5 hours a day and applying a selling price of 1.2 won/kW considering a weighting factor of 176.
While research results are coming out one after another that agricultural solar power has great effects in terms of environmental conservation and increasing farm profits, its spread is slow. This is because there are many obstacles to overcome, such as preparing laws related to proliferation, ensuring acceptance by residents, easing the separation distance, and burdening facility funds.
This PVMI is an event where research results, such as the challenges that need to be solved in the expansion of agricultural solar power and the proof of economic feasibility, can be seen in one place. The agricultural solar power session began with an opening speech by PVMI organizing committee vice-chairman Oh Soo-young (professor at Yeungnam University), followed by Heo Young-jun, Korea Energy Agency team leader, Makoto Tajima of the ‘ISEP (Institute for Sustainable Energy Policies)’, Kim Gwang-soo, professor at Seoul National University, Professor Lee Sang-ho of Yeungnam University and Professor Jae-hak Jeong of Yeungnam University will participate as speakers.
Domestic and foreign experts will gather in one place to introduce economic feasibility, market trends, and empirical trends related to agricultural solar power. Meanwhile, this PVMI will be held simultaneously with events such as the 20th International Green Energy Expo, 3rd Hydrogen Market Insight (H2MI), 2023 Hydrogen and Fuel Cell Forum, and AgriVoltaics 2023, and global news network AVING News will participate as a media partner. do.
This year’s PVMI event will be held as an online-offline hybrid conference, and you can register at a discount of up to 4% compared to the regular price until April 5th, the pre-registration period. Special discount prices are applied to companies participating in the 25th International Green Energy Expo. For related matters, you can contact the secretariat.