PV Power Generation Business
We seek to establish an environment which will keep nature and our customers fulfilled.
Construction of eco-friendly PV power plants
The major focus of this power generation business is to convert sunlight directly into electric energy.
It is a new & renewable energy business which enable the profits to be created by supplying generated electricity to KEPCO and power companies subject to the obligations under the Renewable Portfolio Standard (RPS).
SR provides the best solutions that will always fulfill customer satisfaction based on differentiated cost competitiveness and high-quality construction services.
Since its establishment in 2016, the company has continued to grow at a steady pace while embracing experts in each field who provide systematic management that covers the entire process from the business planning stage to the follow-up management of power generation businesses.
Business Procedures
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STEP 01
Permits
Business site selection
Power generation business license
Permitting and licensing
Business registration
Power Purchase Agreement (PPA)
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STEP 02
Construction
Construction planning
Installation construction (power plant construction)
Pre-operational inspection
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STEP 03
Power generation
Report on the commencement of business operations
Facility check
REC trading
SR's total solutions
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Use and design of raw materials tailored to each site
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Power plant license and permit management
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Consulting (on parceling-out and ownership-transfer transactions, etc.)
Advantages of the PV power generation business
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The asset value of forests and farmland are improved when PV power plants are installed in them
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Long-term operation ensured due to reliable technology and the applied modules with a 25-plus-year service life
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Sustainable profits achieved because they are built at certain sites or building roofs
Profit model
SMP : System Marginal Price
REC : Renewable energy certificate issued by the Korea Energy Management Corporation (Renewable Energy Certificate)
Annual power generation (kWh) : Facility capacity(kW) x Average daily power generation time(3.6h) x 365days
Annual power generation revenue (won) : Annual power generation(kWh) x { smp + (rec x weight factor)}
A case of a 100-kW KIT PV power plant : Facility capacity x Power generation(3.5h) x { smp + (rec x 1.2(weight factor))}
PV energy REC weight factors
| Certificate-based weight factors | Subject energy sources and standards | ||
|---|---|---|---|
| Installation type | Detailed criteria | ||
| 1.2 | When installed in general-purpose subsidiary materials | Less than 100kw | |
| 1.0 | 100Kw or higher | ||
| 0.7 | 3,000kw or lower | ||
| 0.7 | When installed in forests | - | |
| 1.5 | When existing facilities, such as buildings, are used | 3,000kw or lower | |
| 1.0 | Over 3,000kw | ||
| 1.5 | When installed in a floating state on the water surface | ||
| 1.0 | When power trading occurs using private power generation units | ||
| 5.0 | 5.0 ESS facilities(connected to PV facilities) | From 2018 to June 30, 2020 | |
| 4.0 | From July 1, 2020 to December 31 | ||