How South Korea plans to use the Iran crisis to spur a renewables revolution

Energy crisis unfolding in Middle East has added political urgency, and more funding, to transform South Korea’s solar industry In Guyang-ri, a farming village of 70 households about 90 minutes south-east of Seoul, people gather for communal free lunches six days a week. The meals are funded by the village’s one-megawatt solar installation, which generates roughly 10m won ($6,800) in net profit each month. “Residents eat lunch together every day, so we see each other’s faces, talk together,” says Jeon Joo-young, the village chief. “Bonds and solidarity between residents become much stronger. Life becomes more enjoyable.” The shift has been dramatic. Before the solar project launched in 2022, the village of about 130 people had no restaurant, no easy way to move around, and little communal infrastructure. Now solar revenue pays for meals, a village “happiness bus” for elderly people, a table-tennis facility and cultural activities. The village deliberately chose to spend solar income on welfare rather than individual dividends, a decision Jeon says residents made themselves rather than being persuaded. “If you divide money as individual income, people feel disconnected. People who d