South Korea to have world's top solar plant
South Korea's Dongyang Engineering and Construction and Germany's SunTechnics will build a 20-megawatt solar plant in South Korea's southwest port town of Sinan by 2008, the companies said.
The $169.5 million solar power station that has a generating capacity of 20 megawatts will be the world's largest solar power plant, Dongyang said in a statement.
"This will correspond to the annual power consumption of more than 6,000 households," it said. Germany's Bavaria solar plant is the largest with an 11 MW capacity.
The project is part of South Korea's plan to develop clean and renewable energy resources to reduce consumption of fossil fuel.
South Korea is the world's fourth-largest oil importer and second-largest gas buyer, and imports almost all of its crude oil requirements.
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State legislators have called for changes in the payment rules — known as "net metering."
Right now, solar panel owners who produce more electricity than they need get credits on their bills, equal to whatever they pay for electricity. Under the proposed changes, the credit would be lower and would vary according to electricity demand, said Duke spokesperson Randy Wheeless.
"So in…
