Seoul Solar Containerized Container Procurement Tender

4 FAQs about [Seoul Solar Containerized Container Procurement Tender]

Does South Korea have a fixed-price bidding programme for solar projects?

South Korea has operated an annual fixed-price bidding programme for solar projects since 2017, and its latest tender round is significantly more ambitious than in previous years.

What is South Korea looking for in a solar project?

South Korea has launched a tender for fixed-price solar and wind projects, looking for 2.8GW of new renewable power capacity.

How much solar power will South Korea get?

The South Korean Ministry of Trade, Industry and Energy has launched a tender for fixed-price solar PV and wind projects, looking for 2.8GW of new renewable power capacity. The tender will be split into two parts, with 1.8GW allocated for wind—itself split between 1.5GW for offshore wind and 300MW for onshore wind—and 1GW allocated for solar PV.

How much does a solar PV tender cost?

The tender will be split into two parts, with 1.8GW allocated for wind—itself split between 1.5GW for offshore wind and 300MW for onshore wind—and 1GW allocated for solar PV. The upper price limit for bids will be set at KRW157.3/kWh (US$0.11/kWh) and is an increase on the upper limit set for last year’s tender, which reached KRW153.5/kWh.

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