Seobu Power Selected as Preferred Negotiation Partner for Saemangeum Floating Solar "Sunlight Sharing Project"

[Asia Economy Reporter Kim Bo-kyung] Korea Western Power will participate in the floating solar power plant project to be constructed in the Saemangeum area.

Western Power announced on the 4th that it was selected as the preferred negotiator for the 'Sunlight Sharing Project,' a floating solar power plant construction project in Saemangeum, which was publicly offered by the Korea Rural Community Corporation on the 30th of last month.

Western Power formed a consortium with six local equipment suppliers, including Hanyang, to participate in the project.

The Sunlight Sharing Project is a project to build a 73 MW floating solar power plant in the reservoir area around Eoeun-ri, Okgup-eup, Gunsan-si, Jeonbuk, with an investment of about 130 billion KRW.

It is promoted as an 'agriculture and fishing village win-win' business model that shares profits with local residents and supports agricultural production infrastructure with a certain percentage of sales. Hanyang is responsible for construction, and Western Power will take charge of operation after completion. Major equipment will be supplied by companies in the Jeonbuk region.

A Western Power official said, "Following the 100 MW onshore solar power project in Saemangeum Zone 2 won in March this year, we will develop the Saemangeum area into a hub for renewable energy projects based on acquiring this floating solar power project right."

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