South Korea's Shinan County shares solar farm profits with island residents as pension income
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Summary
Shinan County in South Korea's South Jeolla Province operates a "Sunlight Pension" program that shares profits from solar power projects with local residents on Anjwa and Jara islands. The initiative transforms salt-damaged farmland—unsuitable for agriculture or aquaculture—into a source of pension income, child allowances, and local spending. Started in 2021, it serves as a social economy model linking large-scale renewable energy infrastructure with household income and community economic benefits.
Key quotes
· 3 pulledSalt-damaged farmland once unsuitable for either agriculture or aquaculture has become a source of pension income for residents of islands in southwestern South Korea.
Shinan County in South Jeolla Province operates what it calls a 'Sunlight Pension,' sharing part of the profits from solar power projects with local residents.
The program is regarded as a social economy model that connects large-scale renewable energy infrastructure with household income and local spending.
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