E1, Entry into Solar Power Generation Business

[Asia Economy Reporter Park Soyeon] Liquefied Petroleum Gas (LPG) company E1 announced on the 21st that it has completed an 8MW (megawatt) solar power plant in the Gasa-ri area of Jeongseon-gun, Gangwon-do.

An E1 official explained, "The Jeongseon power project is the first MW-scale renewable energy project that E1 has directly promoted throughout the entire process from the permit stage to overall business development."

Since completing a small-scale 90kW (kilowatt) solar power plant utilizing a charging station site in February 2018, E1 established a Renewable Independent Power Producer (IPP) team and has been actively promoting renewable energy business development.

The Jeongseon solar power plant was completed on a 69,166㎡ site and is expected to produce electricity sufficient for 2,900 households. An energy storage system (ESS) with a capacity of 21.2MWh (megawatt-hour) was also constructed in conjunction.

The total project cost was 28.7 billion KRW, with design, engineering, and procurement (EPC) carried out by LS Electric. The solar modules were supplied by S-Energy, the inverters and switchgear by LS Electric, and the batteries by Samsung SDI.

At the completion ceremony on the 19th, E1 Chairman Koo Jayong said, "This is a meaningful occasion marking our first step toward becoming a sustainable energy company," adding, "We will continue to expand our role as a provider of eco-friendly energy."

E1 plans to expand solar power projects utilizing LPG storage bases and charging station sites in the second half of this year and to commence the Yeongwol wind power project.

This content was produced with the assistance of AI translation services.