south korea

Clean energy developer sets up shop in Seoul and tells PV Tech it is eyeing both utility-scale and C&I rooftop projects for its first pipeline in Asian state.

Credit Agricole and Korea Development Bank provide construction and term debt for the US$210m, 150MW first project phase, due to go live next spring.

Scotra starts work on 25MW Namjeong-ho scheme in country’s southern tip, billed as the world’s fourth-largest floating installation once complete.

‘Solar Module Super League’ (SMSL) member, JA Solar is supplying its high-efficiency bifacial PERC modules for two 2.4MW PV projects in South Korea, the largest projects so far to use the technology in the country.

South Korea is boosting renewable commitments even as its solar inverter preferences are in flux. Huawei's Minghuang Tang tells Carrie Xiao of plans to seize a multi-GW opportunity in a unique PV market.

PV inverter manufacturer KACO new energy is changing its business focus to include only string inverters and energy storage products, after its acquisition of Energy Depot, selling its central inverter business subsidiary in South Korea to OCI Power. Financial details were not disclosed.

South Korea’s government is planning for nearly 3GW of solar PV alongside smaller capacities of wind and batteries on reclaimed land in Saemangeum, an area of land created by a huge Seawall project completed in 2010.

South Korean state-utility Korea East-West Power Co. (EWP) has completed a 3.5MW floating solar project at a coal-fired power plant.

Macquarie Capital Korea, a subsidiary of investment firm Macquarie Group, has signed a memorandum of understanding (MoU) with the county office of Goesan in South Korea to finance a significant solar-plus-storage project, while it has also invested in what is said to be the largest energy storage project base in the country.

Clean-energy incentive company Swytch has announced a partnership with Chuncheon, the capital of Gangwon Province in South Korea, to spur economic growth and sustainability efforts while cutting down carbon emissions within the city.