영농형 태양광 경제성 제고를 위한 정책 방안
Policy Directions to Enhance Economic Feasibility of Agrivoltaics in Korea
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This study analyzes the economic feasibility of agrivoltaics in South Korea. The key findings are as follows. It wasascertained that an amendment to the Farmland Act, which currently has an 8-year permit period, is necessary to ensure the economicfeasibility of agrivoltaic projects. Furthermore, economic feasibility improves when agrivoltaic projects are financed, as against caseswithout financing. Furthermore, the availability of low-interest loans through financial support programs significantly enhanceseconomic feasibility. Scaling up projects leads to cost savings due to economies of scale, while community-based agrivoltaicinitiatives generate higher revenue through the acquisition of additional Renewable Energy Certificates. These factors can helpimprove the economic feasibility of agrivoltaic projects. These incentives are emphasized as they can serve as a source of funding tofoster community acceptance of agrivoltaic projects.
Abstract
This study analyzes the economic feasibility of agrivoltaics in South Korea. The key findings are as follows. It wasascertained that an amendment to the Farmland Act, which currently has an 8-year permit period, is necessary to ensure the economicfeasibility of agrivoltaic projects. Furthermore, economic feasibility improves when agrivoltaic projects are financed, as against caseswithout financing. Furthermore, the availability of low-interest loans through financial support programs significantly enhanceseconomic feasibility. Scaling up projects leads to cost savings due to economies of scale, while community-based agrivoltaicinitiatives generate higher revenue through the acquisition of additional Renewable Energy Certificates. These factors can helpimprove the economic feasibility of agrivoltaic projects. These incentives are emphasized as they can serve as a source of funding tofoster community acceptance of agrivoltaic projects.
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