EUNSUNG POWERTECH Co., Ltd.

Solar Power Generation Business Process

Step.01 Site Requirement
Review
- Verify the possibility of obtaining a development activity permit.
- Check the available capacity for grid connection with Korea Electric Power Corporation (KEPCO).
- Assess solar radiation, orientation, and environmental conditions of the proposed site.
Step.02 Power Generation
Business Permit
- Apply for a local government permit.
- For facilities exceeding 3MW, approval from the Ministry of Trade, Industry, and Energy is required.
Step.03 Business
Registration
- Register at the local tax office (location of business site).
Step.04 Development
Activity Permit
- Local government / District or County
- Verify with the construction/building department of the local government.
Step.05 Power Purchase
Agreement(PPA) Application
- Korea Electric Power Corporation (KEPCO)
- Submit the PPA application and pay connection construction fees
- Check the available grid connection capacity in the area
Step.06 Construction Plan
Notification
- Local government
- Notify the construction plan for the power plant installation
- For facilities larger than 10MW, approval from the Ministry of Trade, Industry, and Energy is required.
Step.07 Installation
Construction
- Installation contractor
- Civil works, electrical works, structural works
Step.08 Pre-Operational
Inspection and Check
- Korea Electrical Safety Corporation
- Safety inspection of the power generation facility
Step.09 Power Purchase
Agreement(PPA) Signing
- Korea Electric Power Corporation (KEPCO)
- Sign PPA and parallel operation agreement
Step.10 Commencement of
Business Notification
- Local government
- Notify within 30 days after the commercial operation date
Step.11 Verification of
RPS-Eligible Equipment
- Korea Energy Agency
- Verify within 1 month after pre-operation inspection

※ Power Purchase Agreement (PPA)

The "Power Purchase Agreement" refers to an agreement where renewable energy producers sell electricity generated from renewable sources directly to Korea Electric Power Corporation (KEPCO) without using the electricity market as an intermediary.

Solar Power Revenue Structure

Renewable Portfolio Standard (RPS)

The RPS system requires power producers (obligated entities) with a generation capacity of 500 MW or more to supply a certain percentage of their total energy generation from renewable energy sources.
Obligated entities* must either directly build renewable energy facilities for self-supply, purchase Renewable Energy Certificates (RECs) from the electricity spot market, or meet the obligation through direct contracts with renewable energy producers.
(2023 Obligated Entities include) Korea Hydro & Nuclear Power, Korea South-East Power, Korea Midland Power, Korea Western Power, Korea Southern Power, Korea East-West Power, and 25 other companies.

System Marginal Price (SMP) Revenue

Revenue generated from selling electricity through a power sales contract with Korea Electric Power Corporation (KEPCO) or the Korea Power Exchange (KPX).
Power sales revenue = Generation (kWh) × System Marginal Price (SMP)

Renewable Energy Certificate (REC)

The Korea Energy Agency issues a certificate verifying that electricity has been generated and supplied using renewable energy equipment. Obligated power generation companies (as of January 2024, 27 companies, including Korea Hydro & Nuclear Power) purchase Renewable Energy Certificates (RECs) from general power generators through contracts or the electricity market.
The REC is assigned based on the amount of renewable energy generated in MWh, multiplied by a specific weight for each type of facility.
Revenue from the sale of supply certificates = Quantity of RECs traded (REC) × REC sale price
REC = Generation (MWh) × Facility-specific weight (1 REC = 1 MWh = 1,000 kW)

Power Generation Revenue = ①
Power Generation Revenue (SMP) + ②
Certificate Sales Revenue (REC)

Solar Power Revenue Calculation

Annual Power Generation (kWh)	Installed capacity (kW) × Average daily generation time (hr/day) × 365
Annual Power Sales (SMP) Revenue	Annual power generation (kWh) × Average SMP price
Annual Supply Certificate (REC) Sales Revenue	Annual power generation (kWh) × REC price (KRW/kWh) × Weight factor
Annual Generation Revenue (kWh)	ower sales (SMP) revenue + Supply certificate (REC) sales revenue

These formulas provide an estimate of revenue. Actual revenue may vary based on accurate data (such as average daily generation time, expected prices, etc.).

Weight Calculation for REC Issuance

Installation Type	General Site			Forest Land	Building		Floating Installation on Water	Self-generation Facility
Facility Capacity	Less than 100kW	More than 100kW	More than 3,000kW	-	Less than 3,000kW	More than 3,000kW	-	-
Weight	1.2	1.0	0.7	0.7	1.5	1.0	1.5	1.0

Estimated Solar Power Revenue

Category	Building (Weight 1.5)				General Site (Weight 1.0)
Category	100kW	300kW	500kW	1MW	100kW	300kW	500kW	1MW
Annual Generation (kWh)	135,589	407,765	677,942	1,355,884	135,588	407,765	677,942	1,355,884
Monthly Revenue (Thousand KRW)	2,853	8,559	14,265	28,530	2,407	7,220	12,033	24,067
Annual Revenue (Thousand KRW)	34,236	102,708	171,180	342,361	28,880	86,641	144,402	288,803

Based on average daily generation of 3.9 hours, SMP price of 138 KRW (per kWh), and REC price of 75 KRW (per kWh). Generation may vary depending on climate, solar radiation, etc.

Profitability Calculator Estimate Inquiry

EUNSUNG POWERTECH Co., Ltd. (hereinafter referred to as "the Company") takes your privacy seriously and complies with the Act on the Promotion of Information and Communication Network Utilization and Information Protection.

Through this Privacy Policy, the Company informs you of how your personal information provided to us is used for what purposes and methods, and what measures are taken to protect your personal information. The Company will notify you of any changes to the Privacy Policy through website announcements (or individual notices).

This policy is effective from April 1, 2024.

1. Items and Methods of Collecting Personal Information

a. Items of Personal Information Collected
- The Company collects the following personal information for information provision: - Name, email, contact information, address
b. Methods of Collecting Personal Information
- The Company collects personal information through website inquiries and collaboration consultations.

2. Collection and Use of Personal Information

Information delivery, content provision

3. Retention and Use Period of Personal Information

User's personal information will be destroyed without delay, in principle, once the purpose of collecting and using personal information is achieved.

4. Personal Information Destruction Procedures and Methods

User's personal information will be destroyed without delay, in principle, once the purpose of collecting and using personal information is achieved. The Company's personal information destruction procedures and methods are as follows:

a. Destruction Procedures
- The Company retains personal information while it is being provided by the Company and uses it to provide information. Personal information will be destroyed without delay when the purpose of collecting personal information or the purpose for which it was provided is achieved. However, even if the purpose of collection or the purpose for which it was provided is achieved, personal information may be retained only when there is a need to retain it in accordance with laws and regulations such as the Commercial Code. In this case, such personal information will be managed for retention purposes only.
b. Destruction Methods
- - Personal information printed on paper is shredded or incinerated.
- - Personal information stored in electronic file format is deleted using a technical method that prevents the record from being reproduced.

5. Provision of Personal Information

The Company does not provide user's personal information to third parties in principle. However, the following are exceptions:

- When users have given their prior consent
- When there is a request from an investigative agency in accordance with the procedures and methods prescribed by law for investigation purposes or in accordance with the provisions of law

6. Installation/Operation and Refusal of Automatic Personal Information Collection Devices

The Company does not collect personal information automatically using cookies, etc., that store and periodically retrieve user information

7. Rights and Obligations of Users

Users have the right to access, correct, and delete their personal information at any time. If a user wishes to access, correct, or delete their personal information, they should send an email to the Company's Personal Information Management Officer. If a user requests the deletion of personal information, the Company will immediately destroy the relevant data permanently in a form that cannot be reproduced. Users have the right to be protected from the infringement of their personal information, as well as the obligation to protect themselves and not infringe on the information of others. Users should enter their personal information as accurately as possible and be careful not to leak their personal information to prevent accidental incidents. In the case of children under the age of 14, the legal representative has the right to access or correct the child's personal information and to withdraw consent for collection and use.

8. Contact Information of Personal Information Management Department

You can report any personal information protection complaints arising from your use of the Company's services to the Management department. The Company will promptly and sufficiently respond to user complaints.

- Department in charge of Personal Information : Management Department
- Phone: +82-52-264-9309
- Email: sw.corp@swcinfo.com

If you need to report or consult a personal information breach, please contact the following organizations:

- Personal Dispute Resolution Committee (www.1336.or.kr / 1336)
- Information Protection Mark Certification Committee (www.eprivacy.or.kr / 02-580-0533~4)
- Internet Crime Investigation Center of Supreme Prosecutors' Office (http://icic.sppo.go.kr / 02-3480-3600)
- National Police Agency Cyber Terror Response Center (www.ctrc.go.kr / 02-392-0330)

Article 1 (Purpose)

This agreement aims to regulate the rights, obligations, responsibilities, and other necessary matters between the user and the EUNSUNG POWERTECH Co., Ltd. (hereinafter referred to as "company") in using the member services (hereinafter referred to as "Service") provided by the website of EUNSUNG POWERTECH Co., Ltd.

Article 2 (Effect and Change of Terms)

① These terms become effective by being posted on the service screen or notified by other means to the user, and take effect when a user who agrees to them joins the service.
② The service provider may change the contents of these terms when deemed necessary, and the changed terms will be announced on the service screen so that users can verify them directly.
③ If users do not agree with the changed terms, they may stop using the service and cancel their membership. If they continue to use the service, it is considered that they have agreed to the changed terms, which take effect in the same manner as the previous clause.
④ If users agree to the contents of these terms, these terms will take precedence in the service provision by the service provider and the service use by the user, and these terms will take precedence over the privacy policy provided by the service provider. Matters not specified in these terms shall be governed by the Telecommunications Basic Act, Personal Information Protection Act, Telecommunications Business Act, Act on Promotion of Information and Communications Network Utilization and Information Protection, etc., regulations of the Broadcasting and Telecommunications Deliberation Committee, Code of Ethics for Information Communication, Program Protection Act, and other relevant laws and customary practices of the Republic of Korea.

Article 3 (Definition of Terms)

① The definitions of terms used in these terms are as follows:
- User: A member and non-member who accesses the service and receives services provided by the service provider
- Member: A person who accesses the service, agrees to these terms, and goes through a verification process such as text verification after receiving an ID (unique number) and PASSWORD
- Non-member: A person who uses the services provided by the service provider without registering as a member
- ID (Unique Number): A combination of letters and numbers selected by the user and approved by the service provider for member identification and service use
- PASSWORD: A combination of characters and numbers set by the user themselves to protect their information.
- Termination of Use: A declaration by the service provider or member to terminate the service contract after using the service.
② The definitions of terms used in these terms, except for those defined in paragraph 1, shall be governed by related laws and regulations and service-specific guidelines.

Article 4 (Formation of Service Contract)

The service contract is established by the user's consent to the terms and the service provider's acceptance of the user's application for use.

Article 5 (Application for Use)

An application for use is made by the user recording their personal information in the membership application form required by the service provider on the service's member information screen.

Article 6 (Acceptance and Rejection of Application for Use)

① The service provider may accept an application for service use in accordance with internal regulations if the application is made with accurate information as specified in Article 5.
② The service provider may restrict the use of some services until the reasons for restriction on the application are resolved in the following cases:
- - If the content is found to be false or there is reasonable cause to suspect it to be false.
- - Other cases deemed necessary by the service provider.
③ The service provider may restrict the application for use in the following cases:
- - When not applied under one's real name.
- - When applying under someone else's name.
- - When the contents of the application are falsely stated.
- - When actions or expressions are made against the purpose of the website.
- - When applied with the purpose of undermining public order or morals.
- - When the requirements for application set by the service provider are not met.

Article 7 (Amendment of Contractual Matters)

Members can view and edit their information at any time through member information management. Members must amend any information provided at the time of application when it changes, and members are responsible for any problems arising from not making such amendments.

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Solar Power Generation Business Process

※ Power Purchase Agreement (PPA)

Solar Power Revenue Structure

Renewable Portfolio Standard (RPS)

System Marginal Price (SMP) Revenue

Renewable Energy Certificate (REC)

Solar Power Revenue Calculation

Weight Calculation for REC Issuance

Estimated Solar Power Revenue

Privacy Policy

1. Items and Methods of Collecting Personal Information

2. Collection and Use of Personal Information

3. Retention and Use Period of Personal Information

4. Personal Information Destruction Procedures and Methods

5. Provision of Personal Information

6. Installation/Operation and Refusal of Automatic Personal Information Collection Devices

7. Rights and Obligations of Users

8. Contact Information of Personal Information Management Department

이메일 무단수집거부

Terms of Use

Article 1 (Purpose)

Article 2 (Effect and Change of Terms)

Article 3 (Definition of Terms)

Article 4 (Formation of Service Contract)

Article 5 (Application for Use)

Article 6 (Acceptance and Rejection of Application for Use)

Article 7 (Amendment of Contractual Matters)

Solar Power Generation Business Process

※ Power Purchase Agreement (PPA)

Solar Power Revenue Structure

Renewable Portfolio Standard (RPS)

System Marginal Price (SMP) Revenue

Renewable Energy Certificate (REC)

Solar Power Revenue Calculation

Weight Calculation for REC Issuance

Estimated Solar Power Revenue

Privacy Policy

1. Items and Methods of Collecting Personal Information

2. Collection and Use of Personal Information

3. Retention and Use Period of Personal Information

4. Personal Information Destruction Procedures and Methods

5. Provision of Personal Information

6. Installation/Operation and Refusal of Automatic Personal Information Collection Devices

7. Rights and Obligations of Users

8. Contact Information of Personal Information Management Department

Purpose of collection and use of my personal information

1. Purpose of collection and use of your personal information

2. Items of personal information to be collected

3. Retention and use period of personal information

이메일 무단수집거부

Terms of Use

Article 1 (Purpose)

Article 2 (Effect and Change of Terms)

Article 3 (Definition of Terms)

Article 4 (Formation of Service Contract)

Article 5 (Application for Use)

Article 6 (Acceptance and Rejection of Application for Use)

Article 7 (Amendment of Contractual Matters)