Univergy International is developing a 15MW solar PV project in Gyeongsang Province, South Korea.
Univergy has recently set up a new office in Seoul, after the Government of South Korea set a target of 63.8GW renewable power generation by 2030. Univergy has also set a target for 2018 to develop 300MW of renewable energy projects in the country.
Yago Acón, executive director of Project Development for Southeast Asia and the European Union of Univergy, said: "We are working in Korea since the end of 2017, since we saw that it was a great opportunity for foreign companies specialized in the development of renewable projects. The project we are currently developing is Yeongiu of 15MW in Gyeongsang that we plan to deliver during the first quarter of 2019."
The Government of South Korea targets 20% of electricity generation through renewable sources by 2030. The installed capacity of renewable energy in 2017 was 15.1GW, which will increase to 63.8GW in 2030, generating up to 48GW of new installed capacity, said Univergy in a release.
Univergy International recently started a joint venture with Japanese company Europe Clean Energies Japan and the Vietnamese Thanh Nien Media Corporation, to develop a 44.4MW solar PV project in Dak Nong, Cu Jut district, Vietnam.