Policy status:In Force
Date Effective:2001
Date Amended:

2014 (Last amendment)

Policy Type:Research, Development and Deployment (RD&D), Policy Support, Policy Support>Strategic planning, Economic Instruments>Direct investment
Policy Target:Multiple RE Sources
Policy Sector:Heating and Cooling
Agency:Ministry of Trade, Industry & Energy (MOTIE), Korea Energy Agency (KEA)
Funding:2004-2011: KRW 9.1 trillion (USD 7.6 billion)

Low-interest loans offered to companies that employ renewable energy technologies, processes and equipment. - A 10% investment tax credit for companies investing in energy RD&D projects. - Priority in receiving tax credits for companies reserving funds to invest in renewable energy RD&D. - Plans to strengthen mandatory fixed-price purchases of renewables electricity. - Plans to provide grants for RD&D of renewable technologies up to 75% of capital cost for PV and 25% for wind power. In addition, a green pricing program is under review, more RD&D activities are supported and through project-based business centres, the private sector is encouraged to undertake RD&D activities by providing grants and credits.

This record supersedes:New and Renewable Energy RD&D Basic Plan

Last modified: Thu, 02 Jun 2016 16:44:59 CEST