South Korean developer SK D&D has signed a co-investment memorandum of understanding (MOU) with renewable energy investment fund manager Glennmont Partners to target opportunities in solar PV projects in South Korea.
South Korean conglomerate Hanwha Group has said it will invest US$3.3 billion in solar and wind technology and intends to create a solar R&D hub in Korea as part of a massive investment strategy focused on several industrial areas.
German investment firm Aquila Capital and South Korean renewable developer TopInfra have established a joint venture (JV) to develop solar PV, wind and battery energy storage system (BESS) projects in South Korea.
Driven by increased investor interest and a growing project pipeline, utility-scale floating solar installations are set to take off globally over the next few years, a report from Fitch Solutions says.
Chinese solar manufacturers have slammed South Korea’s decision to attach predetermined carbon emissions ratings to modules originating from China under the regulator’s new carbon footprint requirements.
Global governments could divert massive amounts of public funds from cancelled, large-scale power generation projects, such as nuclear, towards solar and other renewables to deliver consumers more value for money.