K-RE100 Participation and Carbon Neutrality... NongHyup Bank Completes 6th Solar Power Facility

Ji Junseop, Executive Vice President of the Agricultural and Green Finance Division at NH Nonghyup Bank (second from the left), visited the NH Nonghyup Bank Yeongwol County Branch in Yeongwol, Gangwon Province, and took a commemorative photo at the completion ceremony of the solar power generation facility. From the left in the photo: Park Gwangwon, Head of the Green Finance Business Group; Ji Junseop, Executive Vice President of the Agricultural and Green Finance Division; Jo Kyunghui, Head of the Yeongwol County Branch; Jeon Daewon, Head of the Gangwon Sales Headquarters. Photo by Park Gwangwon

[Asia Economy Reporter Kiho Sung] NH Nonghyup Bank announced on the 20th that it has installed its 6th solar power generation facility at the Yeongwol-gun branch in Gangwon Province to promote the use of renewable energy and participate in the Korean-style RE100 (K-RE100).

The global RE100 is a worldwide campaign to switch 100% of electricity consumption to renewable energy by 2050, targeting companies with an annual electricity usage of 100 GWh or more for participation recommendation. The Korean-style RE100 allows all consumers who wish to use renewable energy to participate regardless of electricity usage level, and installing solar power generation facilities is one of the participation methods for K-RE100.

Nonghyup Bank, which declared participation in the K-RE100 campaign led by the Korea Energy Agency in February, has established a strategy to convert 5% of its annual electricity consumption to renewable energy through purchasing green premiums, and plans to further increase the use of renewable energy by expanding the installation of solar power generation facilities utilizing the rooftops and parking lots of its own buildings.

Ji Junseop, Vice President of the Agricultural and Green Finance Division at NH Nonghyup Bank, said, “NH Nonghyup Bank will actively respond to the global climate crisis by expanding the installation of solar power generation facilities on the rooftops of our own buildings, which have abundant sunlight and wide roofs.”

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