Founded in 2012, OCI Power promotes solar power generation projects in Korea with extensive experience as a private investor in multiple MW-scale solar plants in Seoul, Gunsan, Gwangyang, and other locations.
RPS quota set at 25% for 2026. Requires power generators over 500 MW to source a percentage from renewables. Creates demand for solar RECs (Renewable Energy Certificates).
From 2026, approximately KRW 4.5 trillion in renewable energy financing provides long-term low-interest loans covering up to 85% of solar installation costs.
Exemptions from acquisition tax and reductions in property tax for new renewable energy businesses. Simplified environmental assessment for small solar projects.
15, Jayumuyeok 2-gil, Gunsan-si, Jeollabuk-do