Daehan Green Power Signs 6.9 Billion KRW Solar Power Transmission Line Supply Contract with Daehan Green Energy

[Asia Economy Reporter Hyunseok Yoo] Daehan Green Power, an eco-friendly renewable energy specialist company, is seeing growing expectations for improved performance due to increased sales of renewable energy equipment.

Daehan Green Power announced on the 9th through a public disclosure that it has signed a contract worth 6.9 billion KRW to supply solar power transmission lines with Daehan Green Energy. The total contract amount is 44.5% of last year's sales, and the contract period is until July 20, 2022.

Through this contract, Daehan Green Power will supply equipment by securing the underground transmission line construction project of about 12 km connecting the Goheung solar power plant (95MW class) and its own substation from its parent company Daehan Green Energy.

Daehan Green Energy, the No. 1 renewable energy developer in Korea, is the only private power producer in the country currently constructing and operating a private substation. Daehan Green Energy directly transmits power generated from wind and solar power plants to the KEPCO substation through the privately operated substation.

Daehan Green Energy possesses a unique technology to underground transmission lines by burying ultra-high voltage lines underground without using transmission towers, addressing the biggest challenge in renewable energy project development?transmission line construction. The 14 km transmission line connecting the privately operated substation to the Yeonggwang KEPCO substation was also directly constructed based on this undergrounding technology.

Park Geunsik, CEO of Daehan Green Power, said, "Daehan Green Energy, which owns its own substation and transmission lines, is a developer with a unique competitive advantage in the Yeonggwang renewable energy project development," adding, "With active support from the parent company Daehan Green Energy, Daehan Green Power’s renewable energy sales are expected to increase significantly going forward."

He continued, "In future renewable energy power plant development projects, Daehan Green Energy will be responsible for construction and development, while Daehan Green Power will handle power plant equipment supply, operation, and maintenance."

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