China-based Astronergy will supply modules and inverters for a new 6MW PV project in South Korea. Work is expected to begin on the project by the end of the year and when completed it will be one of the largest utility-scale developments in the country.
Astronergy, a subsidiary of Chint Group, will supply half of the inverters and all of the monocrystalline modules on the unique system, which is being connected to the national grid by a series of underwater cables.
"Increasing the proportion of renewable energy in the total energy structure is becoming a worldwide consensus. We are very happy to see the take-off of solar applications in Korea and will be more engaged in developing PV industry in Korea with local partners." Astronergy’s CMO, Alan Yuan, said.
Earlier this year, Astronergy was involved in another South Korean solar project, a 1MW system in Dainbis, and CEO Chang Jyhping hopes his company’s decision to cross the East China Sea in search of new downstream ventures will help open up even more markets. "The proven engineering ability will help us gain more business opportunities,” Jyhping said. “At the same time, the project will expand the local hiring and contribute to both energy and nature conservation. We are very confident in the progressive development of the Korean solar market in the future."