Business · Energy & Commodities · 3 hrs ago
Pyeongchang plans solar and wind projects to share revenue with residents
Pyeongchang County in South Korea’s Gangwon Province plans to invest in renewable energy projects and return some of the profits to residents.
The county is due to sign an agreement with Jeongsang Group on a 150-megawatt solar plant in Yupo-ri.
It also signed an agreement for a wind power project at Unduryeong on October 28.
Both projects aim to begin commercial operation in 2029.
Pyeongchang plans to use revenue from its stakes in the projects for residents’ basic income and welfare, rather than keeping it only for the projects.
The county wants to expand its renewable energy holdings by 2035, including by considering more solar sites on unused county land and possible redevelopment of a cancelled wind farm.
Pyeongchang County plans solar and wind projects, with profits intended to support residents’ income redistribution and welfare.
The county plans to sign an agreement with Jeongsang Group on a 150-megawatt solar farm in Yupo-ri.
The county also signed an agreement for the Unduryeong wind project on October 28.
Both projects are targeted to begin commercial operations in 2029.
Pyeongchang plans to increase its stakes in renewable energy projects through 2035.
- Who
- Pyeongchang County and Jeongsang Group are involved in the planned solar project; residents are intended to benefit from project revenues.
- What
- The county plans a 150-megawatt solar farm and is pursuing a wind project, with revenue to help fund income redistribution and welfare.
- When
- The solar agreement is scheduled for November 5, 2026. Commercial operations at both projects are targeted for 2029.
- Where
- Yupo-ri, Bongpyeong-myeon, Pyeongchang County, Gangwon Province, South Korea; the wind project is at Unduryeong.
- Why
- The county plans to use revenue from its stakes in renewable energy projects to support residents’ incomes and welfare.
This story does not have two clearly opposing sides.
Pyeongchang County signed an agreement related to the Unduryeong wind power project.
The county plans to sign an agreement with Jeongsang Group for a 150-megawatt solar farm in Yupo-ri.
Commercial operations are targeted to begin at the Unduryeong wind and Yupo-ri solar projects.
The county plans to gradually increase its stakes in renewable energy projects.
- Solar project capacity
- 150 megawatts
- Solar project location
- Yupo-ri, Bongpyeong-myeon, Pyeongchang County
- Solar agreement partner
- Jeongsang Group
- Target for commercial operations
- 2029
- Planned increase in renewable energy stakes
- Through 2035
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What people are saying
We will expand the generation base and create a sustainable income redistribution structure so that the benefits of renewable energy development can go to all residents.