Hanwha Qcells and POSCO target agrivoltaics with 23-year permits

  • Hanwha Qcells and POSCO signed an MOU to develop South Korean agrivoltaic equipment packages.
  • 23 years is the new maximum permit period, up from eight years under previous rules.
  • The Agrivoltaic Business Act takes effect in December after May passage and June promulgation.

Hanwha Solutions' Qcells division and POSCO signed an MOU in Seoul to jointly develop and supply agrivoltaic packages made in South Korea. The agreement covers high-efficiency modules, corrosion-resistant substructures, construction and maintenance connections, financing, and power-sales support, including PPA brokerage and access to real-time bidding. The companies will pursue the Sintoburi Alliance, an integrated domestic ecosystem intended to support farmers and agricultural cooperatives throughout the project lifecycle. Agrivoltaics, or solar generation above farmland alongside continued cultivation, has been limited mainly to pilot projects because permits previously lasted only eight years, despite solar facilities typically operating for more than 30 years. A law passed in May, enacted and promulgated in June, and scheduled to take effect in December extends the maximum permit period to 23 years. The companies say the change could improve market economics, although agricultural productivity and standardized structural criteria still require verification.

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