Suwon City Establishes Cooperation Framework to Promote Suwon Sunlight Power Plant

[Suwon Ilbo=Reporter Jung Jun-sung] Suwon City is establishing a cooperation framework to promote the Suwon Sunlight Power Plant and embarking on a "citizen-felt green energy transition."

The city signed a memorandum of understanding with 7 organizations on the 20th at the city hall situation room to cooperate on the construction and promotion of the Suwon Sunlight Power Plant.

Attendees of the agreement ceremony included Suwon Mayor Lee Jae-jun, President Lee Young-in of Suwon Urban Development Corporation, Chairman Yoon Eun-sang of Suwon Citizens Sunlight Power Social Cooperative, Chairman Cho Young-mi of Suwon Energy Cooperative, Chairman Jung Geun-woo of Climate Citizens Energy Cooperative, Chairman Kim Jae-ok of Suwon Chamber of Commerce and Industry, Director Jung In of Suwon Industrial Complex Management Corporation, and Jung-hwan Choi, branch manager of IBK Industrial Bank East Suwon Branch.

The Suwon Sunlight Power Plant project utilizes Suwon City's public parking lots and vacant public land to create and operate solar power plants with joint participation of citizens, society, organizations, businesses, and public institutions, sharing profits with citizens—a "citizen-felt renewable energy business."

It is the first in the nation to introduce a "citizen-first dividend method," prioritizing dividend distribution of solar power generation profits to citizen investors.

The city plans to establish Suwon Sunlight Power Co., Ltd. by October this year and construct the Suwon Sunlight Power Plant from November through June next year. Starting June next year, it will identify secondary project sites and expand the sunlight power plants.

The plan is to identify project sites such as public parking lots and vacant public land to install and operate solar power plants with a generation capacity of 20MW or more.

Suwon Mayor Lee Jae-jun stated, "We are facing a serious energy crisis due to the Middle East situation," and "I hope the Suwon Sunlight Power Plant will serve as a focal point in accelerating the energy transition."