Solar Investment & Management Glossary
English 한국어 Solar Investment & Management Glossary A comprehensive reference guide outlining the core terminology required for analyzing financial performance, risk profiles, and operational parameters of utility-scale solar PV assets. 01 / Regulatory RPS (Renewable Portfolio Standard) A regulatory mandate requiring utility companies to procure or generate a specified minimum percentage of their electricity from renewable energy sources. 02 / Market Asset REC (Renewable Energy Certificate) A market-based instrument representing proof that 1 MWh of electricity was generated from an eligible renewable source. Traded independently from physical power, providing an additional revenue stream. 03 / Pricing SMP (System Marginal Price) The wholesale electricity market price applied hourly. Represents the production cost of the most expensive power plant running during that specific hour, forming the base...