[SMM PV News] South Korea Expands Tax Credits for Low-Carbon Solar Manufacturing

Published: Apr 17, 2026 10:08

Save

South Korea has expanded tax incentives for low-carbon solar manufacturing. Under revised rules effective April 1, PV module production facilities with lifecycle emissions of ≤655 kg CO₂/kW qualify for investment tax credits. According to the Korea Photovoltaic Industry Association (KOPIA), the policy covers the entire solar manufacturing chain, including polysilicon, wafer, cell, and module production equipment. The move extends South Korea’s existing carbon-grading system—used in public solar procurement and Renewable Portfolio Standard auctions—into manufacturing investment incentives. The policy aims to encourage domestic producers to adopt low-carbon processes and advanced technologies amid strong import dominance in the market.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

2 hours ago

New Energy Efficiency Policy Reshapes Wafer Competitive Landscape: Production Lines Not Meeting Level-3 Energy Efficiency Will Be Directly Shut Down from 2027 [SMM In-Depth Analysis]

[SMM In-Depth Analysis: New Energy Consumption Policy Reshapes Wafer Competitive Landscape: Production Lines Failing to Meet Level 3 Energy Efficiency Standards to Be Shut Down Starting 2027] The State Administration for Market Regulation and the Standardization Administration of China jointly issued the mandatory national standard GB 47835-2026, “Energy Consumption Limits per Unit Product of Monocrystalline Silicon,” in 2026. The standard will officially take effect on January 1, 2027.

2 hours ago

6 hours ago

[SMM PV Flash] 6 GW! Another Ex-China Topcon Solar Cell Plant Starts Production!

India's localized PV manufacturing has welcomed another major implementation project. Avaada Electro Ltd, the PV manufacturing entity under Avaada Group, has successfully started production of the first phase 3GW line of its 6GW high-efficiency n-type TOPCon cell project at the Butibori Park in Nagpur. The remaining 3GW capacity is steadily ramping up and is about to fully release capacity. As the core segment of Avaada's local integrated PV manufacturing industrial park, this cell factory will also be equipped with 3GW silicon ingot and wafer capacity, filling in the upstream core material link, further improving the vertical integration layout of the entire PV industry chain, and significantly enhancing local supporting capabilities.

6 hours ago

[SMM PV Flash] 2.79 Yuan/W! Tianjin 18.81 MW Distributed PV Project EPC Winning Bid Result Publicized

Recently, the winning bid result was announced for the [Huaneng North China Branch Yangliuqing Thermal Power Company Great Wall Tianjin Haval Car Maker Distributed PV Project General Contracting (EPC) Project]. The bid winner for the project is Huazhao Electric Power Technology (Tianjin) Co., Ltd., with a winning bid amount of 52,490,000 yuan, equivalent to a unit price of 2.79 Yuan/W. It is reported that the bid inviter is Tianjin Huaneng Yangliuqing Thermal Power Co., Ltd. The project is located in the Tianjin Development Zone, with a planned DC side installed capacity of 18800.18kWp.

6 hours ago