SY, Full Operation of All Business Models for Factory Roof Solar Power

SK E&S Signs 1MW Rooftop Solar Power Lease Contract with Cowon Energy Service
Inju Production Complex Applies Rooftop Lease Power Generation Alongside Self-Consumption and Electricity Sales

[Asia Economy Reporter Hyungsoo Park] Comprehensive building materials company SY announced on the 15th that it has signed a rooftop lease solar power generation contract with SK E&S Cowon Energy Service.

SK E&S leases the roof of SY's factory to generate solar power. SY, a rooftop solar specialist company, is responsible for designing, constructing, and maintaining the solar power plant while leasing the roof.

The facility is scheduled to be completed in September, with a capacity of 1MW. It is expected to produce about 1.3GWh of electricity annually, enough to power approximately 340 average households.

Rooftop solar power generation projects are divided into self-consumption models and power sales models. Recently, factory rooftop solar projects, which have higher policy-driven power generation costs and easier permits compared to forest and environmentally damaging mountain solar power projects, are gaining attention. Large power producers are increasingly leasing factory rooftops for power generation. The structure allows power producers to earn generation revenue while lessors earn rental income by utilizing idle rooftop space.

SY operates self-consumption and power sales solar power generation facilities on three of the five factory buildings in the Inju production complex. While proceeding with rooftop lease solar power generation on the remaining two factory buildings, SY operates all rooftop solar business models within a single complex. It is an eco-friendly production complex producing 4.5GWh of electricity with about 9,000 solar modules on a rooftop area of 10,000 pyeong.

Based on its own solar power generation operation data, SY plans to expand related new product development and proposals for rooftop solar power plant construction projects.

An SY official said, "We are applying specialized products on site, including the patented solar power generation roofing material ‘New Solar Roof’ and the ‘Ceramic Hyperbill roofing material’ specialized for bifacial modules that generate power even from reflected light." He added, "At sites adjacent to coastal areas, we additionally applied solar power structures that withstand wind speeds of 50m/s. We take pride in having no safety accidents at dozens of sites since entering the solar power EPC business in 2017 through customized on-site construction."

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