FARMING SOLAR

Rural PV business

Maximize farm income. All in all with sunlight.

Rural solar business

Policy financing support at low rates for farmers (including livestock farmers and fishermen) + REC weight preferential to increase farmers' farm income and expand PV supply

Farm type solar Rural Solar

What is rural solar power

Three advantages of farmers

Possible to use surplus spaces such as idle sites

-Power generation business using existing work spaces such as farmland, warehouse, and barn Higher profitability (when owned by the owner) inheritable assets than general power generation business

Does not require much work

-External agency is possible, such as managing funds to maintain constant productivity regardless of rural aging.

Complementing low agricultural income

-Average farm income in 2017 of less than 1500 pyeong (about 0.5 ha): about 1.36 million won (Source-Statistics Korea)
-Solar power generation project of 100 kW in 500 pyeong: annual average annual income of about 28 million won (25 years)

Facilities for rural solar power generation business

Agricultural Promotion Area, Conservation Management Area, Production Management Area, Agricultural and Forestry Area, Planning and Management Area

Agricultural Promotion Zone (absolute farmland)

Rural construction rate 60%
It is possible only by the construction report (Gross Area: 400m or less stall / 200m or less warehouse)
Building permit: about 1 to 1.5 months (shorter than 6 months for land type permit)

When combined with 5 or more farmers: REC weight + 0.2 preferential treatment
(total income increased by 5%)

Rural solar power generation business benefits

Support system establishment

Local Agricultural Cooperatives and Korea Energy Agency
closely support the entire process

Early access to power systems

System connection support
Significantly shortened waiting time for connection

Strengthening incentives

Farmer Participation Project REC weight preferential
Long-term fixed price electricity sales support
(no worries about sales )
Long-term low-interest loan support