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Terms include ensuring a fixed income source for the village by settling the difference between the wholesale price of electricity and the monthly fixed price.
November 29, 2022
By: Lianna Albrizio
Associate Editor
Amorepacific signed Korea’s first virtual power purchase agreement (VPPA) with Bukchon Seomo Wind Power, a wind power plant located in Bukchon-ri, Jeju. The deal marks the first achievement following the “Agreement on the Private-Public Cooperation for the Establishment of Jeju-style RE100 Trading Market System” signed at the Jeju Provincial Office on Nov. 14. A VPPA is a method of supplying renewable energy, which is generally implemented in the US and the European market. ...
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