Suwon Special City Establishes Cooperative System to Invigorate Suwon Sunshine Power Plant

[Suwon Ilbo=Reporter Jung Joon-sung] Suwon Special City is establishing a cooperative system to invigorate the Suwon Sunshine Power Plant and undertaking a "citizen-perceived green energy transition."

On the 20th, the city signed a business agreement with 7 organizations at the city hall situation room and decided to cooperate on the construction and invigoration of the Suwon Sunshine Power Plant.

Attending the agreement ceremony were Suwon Mayor Lee Jae-joon, Suwon Urban Development Corporation President Lee Young-in, Suwon Citizens Sunshine Power Social Cooperative Chairman Yoon Eun-sang, Suwon Energy Cooperative Chairman Cho Young-mi, Climate Citizens Energy Cooperative Chairman Jeong Geun-woo, Suwon Chamber of Commerce and Industry Chairman Kim Jae-ok, Suwon Industrial Complex Management Corporation Chairman Jung In, and IBK Corporate Bank East Suwon Branch Manager Choi Gong-hwan.

The Suwon Sunshine Power Plant project is a "citizen-perceived renewable energy project" in which citizens, society, organizations, businesses, and public institutions jointly participate in establishing and operating a solar power plant using public parking lots and idle public sites in Suwon, with profits shared with citizens.

It introduces the "citizen priority dividend method" for the first time nationwide, prioritizing dividend payments of solar power generation revenue to citizen investors.

The plan is to establish Suwon Sunshine Power Co., Ltd. by October this year and construct the Suwon Sunshine Power Plant from November through June of next year. From June next year, the city plans to discover secondary project sites and expand the sunshine power plants.

The city plans to identify project sites such as public parking lots and idle public sites and install and operate solar power plants with a generation capacity of 20MW or more.

Suwon Mayor Lee Jae-joon stated, "We are facing a serious energy crisis due to the Middle East crisis," and added, "I hope the Suwon Sunshine Power Plant becomes a pivotal point in accelerating the energy transition."