SY operates its own 3rd rooftop solar power plant..."Accelerating Zero Energy Building"

[Asia Economy Reporter Hyunseok Yoo] Comprehensive building materials company SY announced on the 20th that it has completed and is operating its own 3rd solar power plant on the roof of the Inju production complex.

SY's 3rd solar power plant is a 500kW unit installed on the factory roof and operates purely for self-consumption. The company expects the average monthly power generation to be about 60,000 kWh, covering approximately 25% of the power consumption of the SYBuild factory where it is installed. A business official anticipated that electricity costs would be reduced by about 80 million KRW annually, allowing the investment to be recovered within 10 years. The existing 1st and 2nd power plants are commercial facilities with a total capacity of 2MW, generating annual electricity sales revenue of 300 million KRW.

Baek Daejin, Director of SY's New Growth Business Division, said, "We expect the ‘RE 100 (Renewable Energy 100)’ movement among manufacturing companies to expand, supported by the detailed Green New Deal plan jointly announced by the Ministry of Trade, Industry and Energy and the Ministry of Environment on the 16th." He added, "Given that the RE100 campaign is a global initiative where electricity consumers commit to using 100% renewable energy, demand for large-scale solar power plants on manufacturing factory roofs like SY’s is expected to increase."

The company plans to leverage its strengths in large-scale rooftop solar installations to expand its business. SY is the number one company in the premium sandwich panel market used for roofs and exterior materials of large factories and warehouses. Regardless of new construction or renovation, it uses self-produced roofing solar power dedicated materials that are waterproof and easy to maintain, earning a reputation for price competitiveness and construction expertise.

Last year, SY installed a total of 12MW of rooftop solar power plants on the roofs of mid-sized manufacturing companies such as Hansol, Byucksan, and Daedong Industrial. Despite the market contraction caused by the COVID-19 pandemic this year, the company continues its performance by installing rooftop solar power at Hyundai Energy Solution’s Eumseong factory.

SY CEO Jo Dooyoung stated, "SY has expanded from manufacturing functional building materials focused on insulation and construction performance to renewable energy business, establishing a zero-energy building portfolio." He added, "In active response to the government’s Green New Deal policy, we will accelerate the spread of zero-energy buildings by developing insulation materials with enhanced fire resistance and expanding the rooftop solar power business."

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