BDI Strengthens Cooperation with ACPS

[Asia Economy Reporter Hyungsoo Park] VIDI announced on the 21st that it visited the first 6MW-scale solar power plant located in Maryland, operated by its local U.S. partner ACPS, and decided to strengthen cooperation to advance into the renewable energy business in the United States.

The green energy sector in the U.S. is actively moving at the county level according to federal and state government policies, mainly focusing on small-scale solar power projects. Since the sites are provided in a long-term lease format close to free of charge, land acquisition costs are low. The permitting process is not complicated, resulting in fewer complaints, which is an advantage.

Additionally, through the ITC (Investment Tax Credit) system, companies investing in green energy receive a 30-40% tax reduction. Large corporations such as Amazon, Google, Microsoft, Walmart, as well as high-income athletes and Hollywood stars, are investing in green energy projects with significant tax-saving effects.

A VIDI official stated, "Through the visit to the U.S., we confirmed the overall support and regulations for renewable energy businesses in the country," and explained, "The entry barriers are lower than in Korea, and the U.S. government encourages corporate investment in green energy projects through tax reduction measures."

He added, "VIDI, which has experience in various renewable energy fields such as solar power, wind power, fuel cells, and offshore wind power domestically, will strengthen cooperation with its local partner ACPS to secure a leading position in the U.S. market."

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