Daehan Green Power Achieves Record Monthly Sales in December Last Year... "Surpasses Cumulative Sales of Q3"

[Asia Economy Reporter Hyungsoo Park] Daehan Green Power's monthly sales are rapidly increasing. As performance improvement trends emerge, expectations for escaping from the management item status are also growing.

Daehan Green Power announced on the 8th that its sales in December last year reached approximately 14 billion KRW, marking the highest monthly sales ever. Monthly sales surpassed the sales of the third quarter of last year.

A company official explained, "This reflects sales from orders worth around 10 billion KRW related to wind power and solar power facilities secured in 2019 and 2020."

With the start of module sales based on the approval of a 27.5 billion KRW solar EPC (Engineering, Procurement, and Construction) project ordered in May last year, the possibility of further performance improvement has increased.

Daehan Green Power is expanding its renewable energy business from onshore wind power to solar power and offshore wind power. It secured orders worth about 46 billion KRW last year alone. As of the end of last year, the order backlog stood at 75 billion KRW. It is expected that solar EPC project orders will continue from this year. By conducting trial operations of an 8-megawatt (MW) class ultra-large offshore wind power generation pilot project, which is the first attempt in Korea, it is also securing future growth engines.

A company official said, "Reflecting orders from the fourth quarter of last year, sales reached 5.3 billion KRW in October and then achieved 14.1 billion KRW in December," adding, "We expect to escape from the management item status through strong performance in the fourth quarter of last year."

He continued, "Based on the stability of the renewable energy maintenance business, we have achieved visible results such as the full-scale launch of our own solar power generation business and expansion of orders in the renewable energy sector," and added, "This year, we will focus on the offshore wind power business that aligns with carbon neutrality and ESG trends, and make a new leap as a comprehensive renewable energy platform specialist company."

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