
It introduces local and international financing options— including early-stage equity and concessional capital—eligibility criteria, typical financing terms, and emerging tools like green bonds and blended finance.

“We currently see prices at around $60/kWh (cell price + shipping + currrent tariff); in 2026 the increase seen will come from the increase in tariff to 25%,” Iola Hughes, head of research at Rho Motion tells pv magazine ESS News. The tariff hike will take effect in January 2026.

The project is expected to cost about $725 million (1 trillion won) and will be awarded based on both pricing and non-price factors, such as contributions to domestic industry and battery recycling capabilities.

Auctioning 2,310GWh per year to supply energy needs for a period of 15 years from 2026, the tender closed with average prices of US$23.78/MWh, 27% lower than the country’s auction in 2017.