South Korea: SunEdison signs MOU for 400 MW of solar projects

Share

Subject to negotiation and completion of definitive agreements, it is expected that SunEdison will utilize public land and building rooftops to build 400 MW of solar power plants. GSND will reportedly support the company in securing the proper land or building areas and in completing the authorization and permission processes.

GSND and Governor Doo Kwan Kim are said to have been working to foster the growth of renewable energy initiatives and attract foreign investment in the province. The company has said that if completed, the activities contemplated by this MOU will act to stimulate the local economy by creating more than 1,500 jobs and help GSND achieve its renewable energy diffusion target of 15 percent by 2030.

It is currently expected that SunEdison will make efforts to re-invest certain amounts of profit received from these projects for the development of the local economy and will try to encourage other companies located in Gyeongsangnam-do to participate in the construction and installation of the photovoltaic power plants.

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.

Popular content

Energy storage is a solved problem

08 October 2024 There are thousands of extraordinarily good pumped hydro energy storage sites around the world with extraordinarily low capital cost. When coupled wit...

Share

Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.

Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.

You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.

Further information on data privacy can be found in our Data Protection Policy.