South Korea has kicked off a tender covering approximately 1 GW of new solar capacity, offering winning bidders a fixed-price contract with a ceiling price of KRW 147,686 ($99.46)/kWh.
South Korea’s Ministry of Climate, Energy and Environment (MCEE) has unveiled a tender covering approximately 1 GW of new solar capacity.
The tender, offering winning bidders a fixed-price contract, has been given a bid ceiling price of KRW 147,686 ($99.46)/kWh, around 5% lower than last year’s 1 GW solar tender.
The tender also features preferential prices for solar modules with a lower carbon footprint, which MCEE says is in consideration of their contribution to the domestic industry and supply chain.
The preferential price adds an additional KRW 16/kWh for use of grade 1-certified modules, with the lowest manufacturing carbon emissions, and KRW 7/kWh for grade 2-certified modules.
