Meta Data
Draft: 
No
Revision of previous policy?: 
No
Effective Start Year: 
2018
Scope: 
National
Document Type: 
Plan/Strategy
Economic Sector: 
Energy, Power
Energy Types: 
Power, Renewable, Solar, Wind
Issued by: 
Ministry of Trade, Industry and Energy
Overall Summary: 
Korea's Renewable Energy 3020 Plan is the implementation plan to achieve 20% of the country's energy production from renewable sources by 2030 and create more RE sector jobs.
Renewable Energy
RE targets: 
High-quality job creation in RE & Energy New Biz field. Total: 168 thou. (2018-2022). PV industry: 79 thou. PV cell, module manufacturing, etc. Wind industry: 65 thou. Wind tower, blade, power system, etc. Smart energy: 24 thou. AMI, EMS, etc.
RE action plans: 
Public Participation - Deploying PV in rural area. Introducing Agricultural PV model - (Farming + PV power) Developing & Promoting Agricultural PV projects. --- Deregulation of RE installation: Agricultural Development Region - Allowing 20 years use for PV in reclaimed land (salty condition). - Abolishing rooftop PV installation restriction rule. State-owned property: - Rental fee reduction. - Extension of initial rental period: 10 - 20 years. RE waste management program: PV module waste, wind blade, etc. - Establishing PV module recycling center. - Developing waste blade management guideline. Discovering & Expanding Eco-friendly Design (RE design contest, etc.).
RE feed-in tariffs: 
Public Participation - Expanding Urban-type & Small-scale PV. Introducing Korean Feed in Tariff system. Small-scale PV (<100kW) owned by farmers, fishermen and cooperatives can obtain stable profits for 20 years.
Net metering: 
Public Participation - Expanding Urban-type & Small-scale PV. Improving Net-metering system. (Excess power) Crediting - Allowing for Cash compensation. (Entities) Single house - Single & Apartment house.
Public investment loans or grants: 
Activating Participation of Farmers - (Loan) Long-term & Low interest soft loans for farmer's PV installations.