[SMM PV News] South Korea Targets 2,500 'Sunlight Income Villages' by 2030

Published: Mar 26, 2026 13:21

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South Korea's 'MOIS' has launched a national drive to establish community-owned solar cooperatives, targeting 2,500 'Sunlight Income Villages' by 2030. Under the program, communities will install 300 kW to 1 MW plants on idle land to share revenues among residents. The government is offering long-term, low-interest loans covering up to 85% of costs from a KRW 450 billion renewable energy fund in 2026. To overcome grid bottlenecks, the initiative grants projects priority grid access and 'ESS' installation support, while mandating the use of domestically produced modules and inverters.

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