SK Energy-SPV, Seoul City to Expand Building-Type Solar Power Generation

Signing of a Business Agreement for the Joint Development of Measures to Expand Solar Power Resources in Seoul City

[Asia Economy Reporter Hwang Yoon-joo] SK Energy, a refining business subsidiary of SK Innovation, is joining forces with Seoul Photo Voltaic (SPV) to expand the solar power generation business.

On the 22nd, SK Energy signed a business agreement with SPV, a company specializing in the construction of solar power plants, at the SK Seorin Building in Jongno-gu, Seoul, to jointly develop plans for expanding solar power resources within Seoul.

Through this agreement, both companies agreed to strengthen cooperation to install and expand building-type solar power plants within Seoul. SK Energy will promote solar installations utilizing rooftops and idle spaces targeting gas stations, charging stations, factories, commercial buildings, and homeowners within Seoul, while SPV will carry out the construction of the power plants. Since its establishment in 2006, SPV has been an excellent solar power construction company specializing in building-type solar power with over 200MW of achievements in the domestic market.

Starting with securing solar power resources within Seoul through this agreement, SK Energy plans to secure 3.6GW of solar power resources nationwide by 2030. The 3.6GW capacity is enough to supply electricity to approximately 1.1 million households annually.

SK Energy was the first refining company to enter the solar power generation business in 2019 to expand into eco-friendly energy. Currently, it operates solar power generation facilities with a total capacity of 2.2MW across 17 locations, including 13 gas stations and 4 Nate Truck House sites, utilizing canopies, rooftops, and idle spaces. By the end of the year, it plans to secure more than 50 additional directly managed gas stations nationwide.

Oh Jong-hoon, Head of P&M CIC at SK Energy, said, "We will contribute to accelerating the spread of solar power generation by enhancing the profitability and convenience of building-type solar power operators within Seoul," adding, "We will continue to expand into eco-friendly energy businesses such as solar power generation and accelerate ESG management."

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