Alpha Enerworks Signs Renewable Energy Distribution MOU with Aluinc

[Asia Economy Reporter Ji-hwan Park] Alpha Holdings announced on the 10th that its subsidiaries Alpha Enerworks and AluENC signed a business agreement on the 9th to jointly promote the spread of renewable energy and the expansion of building-integrated photovoltaics (BIPV).

Through this agreement, the two companies will jointly develop renewable energy distribution projects and BIPV projects aimed at carbon neutrality. The Korean government’s Green New Deal, part of the Korean New Deal, allocates 13.3 trillion KRW in national funds in 2022, with the total project cost reaching 21.9 trillion KRW.

The mandatory zero-energy building policy, applied to public buildings since 2020, will be expanded to private buildings by 2025. As a result, the domestic BIPV market size is expected to grow from 129.8 billion KRW in 2020 to 521.8 billion KRW in 2023, increasing at an average annual rate of 59%.

The two companies have been supplying modules and handling installation for BIPV at locations such as Songpa KT Tower, Jamwon-dong Mulberry Hills complex, and Jongno 5-ga Highview The Plaza officetel. Recently, they secured the BIPV installation project at the Seoul Pension Hall near Yeouido Station and are preparing for installation.

AluENC is a ‘BIPV solution partner’ that provides customized products and engineering services reflecting the requests of architects and construction clients as much as possible. From the early stages of projects, they offer tailored services that provide aesthetically excellent solutions and enhance building value.

AluENC can supply most commercial products applicable to BIPV. Their main products are thin-film and colored crystalline BIPV modules. In particular, the thin-film products allow uniform light transmission similar to colored glass and are actively applied in areas where external views are important. Colored crystalline products are actively supplied in the market as replacements for existing exterior materials such as aluminum sheet panels or composite panels.

Hong Sung-cheol, CEO of AluENC, explained, "Although we have 20 years of experience in curtain walls, our business and R&D investment in BIPV, which integrates solar power, has also exceeded 10 years. Recently, we developed and launched a ‘window-type solar power generation system for apartment buildings’ as part of this effort." The ‘window-type BIPV system’ targets apartment buildings, which have been difficult to apply in the BIPV market. Existing BIPV systems were limited to fixed windows due to connection limitations between modules and systems, but this system overcomes those limitations and can be applied to sliding windows, which is its main differentiator.

Alpha Enerworks is a specialized manufacturer of building-integrated photovoltaic (BIPV) modules and is the world’s first company to commercialize colored BIPV modules. They supplied BIPV modules installed on building exteriors such as the Dongdaemun Design Plaza and YG Entertainment’s new headquarters. CEO Ahn Hyun-jin of Alpha Enerworks said, "Renewable energy sources that buildings can generate themselves include solar, wind, geothermal, and fuel cells, but considering cost efficiency and construction difficulty, solar power is practically the only feasible energy source."

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