Univergy developing 15MW solar project in South Korea

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
Credit: Univergy

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.

Read Next

November 13, 2020
Q CELLS has revealed plans to develop a 41MW floating PV (FPV) power plant in South Korea that is set to rank among the world’s largest solar projects built at a dam.
October 15, 2020
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.
September 22, 2020
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.
September 16, 2020
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.
August 26, 2020
JA Solar and BayWa r.e. have both participated in the development of new solar-wind hybrid facilities, with the former supplying modules for the largest project of its kind in South Korea.
February 26, 2020
Exports of solar products from China in January 2020 were around 35% lower than in the prior year period, according to an accumulation of official export data, recently released.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
August 19, 2021
At 9am (PT) | 6pm (CEST)
Solar Media Events
August 25, 2021
Solar Media Events
October 6, 2021
Solar Media Events
October 19, 2021
BRISTOL, UK