Dr. Yuchang Kim, Enlighten, participated as a speaker at the ’12 Solar Market Insight (PVMI 2023)’ held at EXCO (CEO Lee Sang-gil) in Daegu Metropolitan City on the 2023th and presented ‘RE100 Implementation and Solar Industry’.
While introducing the solar energy business and market trends, Dr. Kim Yoo-chang said, “If you look at Korea’s renewable energy market, it is difficult for RE100 companies to directly recruit and manage power plants because small and medium-sized solar power is distributed throughout the country.” · Electricity prices and REC prices are rising more than twice compared to 2022 due to the increase in the RPS mandatory supply ratio.”
Dr. Kim also explained the characteristics of each RE100 implementation plan. Dr. Kim said, “There are numerous considerations for each implementation plan, and the main consideration is incentives (reducing carbon emissions) according to the purpose of the company’s RE100 participation.” It has a huge impact on decision-making,” he said.
He continued, “From the perspective of RE100 companies, the need for measures to reduce electricity consumption and a means to fix electricity prices is increasing.” As a result, businesses in the form of PPA and self-consumption are being activated to prepare for rising retail prices,” he added.
Dr. Kim Yoo-chang cited △PPA △equity investment △roof photovoltaic as major examples of RE100 service. Dr. Kim said, “It is a project that pushes for a long-term fixed price contract for 15 to 20 years under relatively favorable conditions after pre-investment in securing solar energy resources. ” claimed.
Meanwhile, domestic companies participating in the RE2022 campaign as of July 7 include △SK Hynix △SK Telecom △SK Corporation △SK Materials △SK Siltron △SKC △LG Energy Solutions △Amorepacific △Korea Water Resources Corporation △KB Financial Group △ These are Korea Zinc △ Mirae Asset Securities △ SK i Technology △ Lotte Chilsung △ Incheon International Airport Corporation △ Hyundai Motor Company △ Kia △ Hyundai Mobis △ Hyundai Wia △ Naver △ LG Innotek △ KT △ Samsung Electronics.
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