SK Construction Launches Full-Scale Solar Power Project... "Contributing to 100% Renewable Energy Achievement"

On the 1st, SK Engineering & Construction announced on the 2nd that it signed a business agreement with SolarConnect, an energy IT platform company, at the Gwanhun Building in Jongno-gu, Seoul, to promote RE100 and renewable energy power generation projects. The photo shows Lee Hyung-won, Head of Eco Energy Division at SK Engineering & Construction (left), and Lee Young-ho, CEO of SolarConnect, holding the agreement document and posing for a commemorative photo. Photo by Lee Hyung-won

[Asia Economy Reporter Onyu Lim] SK Engineering & Construction is strengthening its ESG management by actively promoting solar power generation projects to help domestic companies achieve RE100.

RE100 is a global campaign in which companies pledge to source 100% of their electricity from renewable energy by 2050, with over 290 companies worldwide, including Google and Apple, participating. In Korea, eight SK Group companies, including SK Hynix and SK Telecom, joined RE100 for the first time in November last year.

On the 1st, SK Engineering & Construction announced on the 2nd that it signed a memorandum of understanding (MOU) with energy IT platform company SolarConnect at the Gwanhoon Building in Jongno-gu, Seoul, to promote RE100 and renewable energy power generation projects.

About 10 officials, including Lee Hyung-won, head of SK Engineering & Construction's Eco Energy Division, and Lee Young-ho, CEO of SolarConnect, attended the signing ceremony. Both companies agreed to cooperate in promoting renewable energy power generation projects to support domestic companies' RE100 commitments in line with the emerging global trend of renewable energy.

Through this agreement, the two companies plan to build a competitive solar power development platform by combining SK Engineering & Construction's diverse project development experience and management capabilities with SolarConnect's expertise in the solar power sector and IT technology, supporting the use of renewable energy by domestic companies that have joined RE100.

SK Engineering & Construction has adopted ESG as a new core value of management and has been rapidly shifting its portfolio to eco-friendly and new energy businesses since last year. It plans to contribute to achieving carbon neutrality (Net Zero) by developing various solutions that meet customer needs. SolarConnect, an energy IT platform company, provides integrated platform services across the entire solar power value chain based on its financial and IT capabilities. It is recognized as an innovative company leading the virtual power plant market by being the first in Korea to receive the 'Renewable Energy Provider' certification from CDP, a global environmental information evaluation organization, and by providing RE100 implementation strategies and procurement solutions.

Lee Hyung-won, head of SK Engineering & Construction's Eco Energy Division, said, "We will actively promote solar power generation projects through this agreement," adding, "We will closely cooperate with SolarConnect to develop various business models and continuously explore business opportunities."

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