Financial Support Program
Energy Solutions Completed with
Government Support
Government Support
From residential homes to large-scale buildings and regional energy
infrastructure, by combining solar power and smart energy technologies,
we reduce initial costs, enhance energy value, and create an efficient energy self-sufficient environment.
we reduce initial costs, enhance energy value, and create an efficient energy self-sufficient environment.
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Financial Support Program
A long-term, low-interest loan support program for the installation of renewable energy facilities and equipment for the production of dedicated products.
Funding Support Conditions
| Use of Funds | Maximum Support per Business Entity | Loan Period | Interest Rate | Support Ratio to Total Project Cost |
|---|---|---|---|---|
| Wind Power Sector | Up to KRW 75 billion | 5-year grace period, 10-year installment repayment | Quarterly Variable Interest Rate |
|
| Solar Power Sector | Up to KRW 30 billion | 5-year grace period, 10-year installment repayment | ||
| Bio Sector | Up to KRW 10 billion | 3-year grace period, 5-year installment repayment | ||
| Other Energy | Up to KRW 15 billion | 5-year grace period, 10-year installment repayment | ||
| Production Funds | Up to KRW 30 billion | 5-year grace period, 10-year installment repayment | ||
| Bio Sector | Up to KRW 10 billion | 3-year grace period, 5-year installment repayment |
Funding Support Conditions
| Category | Details |
|---|---|
| Facility Funds | Purchase cost of applicable facilities (excluding used equipment) and auxiliary
equipment, installation and renovation costs (including grid connection costs),
repair, design and supervision costs (including technology introduction costs), test
operation expenses, etc. (However, hydro facilities exceeding 5MW are excluded)
- VAT, land purchase costs, construction expenses not directly related to building installation, and licensing costs are excluded |
Eligible Facilities
| Category | Details |
|---|---|
| Solar Thermal Facilities | Facilities for producing and installing solar thermal collectors certified under renewable energy equipment certification, KS-certified products, or equivalent equipment (excluding natural circulation integrated solar thermal systems) |
| Solar Power Facilities |
Facilities for power generation and transmission, or facilities for producing
such equipment Including resident participation portions such as bonds, stocks, and funds of village enterprises participating in power generation projects |
Process
-
01Project AnnouncementThe New & Renewable Energy Center announces the project and confirms
eligible applicants after document review.New & Renewable Energy Center -
02Online Application for FundingApplicants submit their funding application online.Applicant
-
03Document Review and EvaluationThe Center/Comprehensive Support Center reviews the submitted documents,
requests supplementation if necessary, and conducts the final evaluation.Center/Comprehensive Support Center -
04Issuance of Recommendation LetterAfter evaluation is completed, the Center issues a recommendation letter.Center/Comprehensive Support Center
-
05Loan ApplicationAfter receiving the recommendation letter, the applicant visits a financial institution (bank)
for loan screening and approval.Applicant -
06Fund Disbursement (Initial and Interim Withdrawals)After loan approval, the initial withdrawal is made,
and additional withdrawals may be made until the end of the year if necessary.Applicant -
07Facility Installation and Completion InspectionOnce installation is completed, inspection and completion verification are conducted.
After certification procedures are completed, the remaining funds are disbursed.Applicant -
08Post-ManagementAfter final completion, on-site inspections and operational management
procedures are carried out.Center/Comprehensive Support Center