DGP Acquires Stake in 12MW Solar Power Plant

On the 23rd, DGP announced that it sold non-performing assets and acquired an 80% stake in a 12MW solar power plant located in Taean-gun, Chungnam Province. The value of the solar power plant stake acquired by DGP is approximately 9.1 billion KRW. Following wind power, the company is accelerating the expansion of its renewable energy business portfolio to include solar power generation.

Simultaneously with the acquisition of the solar power plant stake, DGP achieved results in its newly promoted rooftop solar EPC (Engineering, Procurement, and Construction) business. It signed a memorandum of understanding for joint development and cooperation in the rooftop solar business with GNB Infratech, an ESG-specialized investment and energy company. Based on this agreement, a 10MW solar project worth 18 billion KRW will be initially carried out.

GNB Infratech is a company that has actively invested in carbon reduction and ESG projects, and in March established Aqua Blue Energy (ABLE), a renewable energy development investment platform. It plans to invest in and secure assets in the development stage of over 1GW of renewable energy. Additionally, since it is composed of investment professionals and industry experts covering the entire environmental and energy industry, the company explained that the partnership with DGP is expected to maximize synergy between the two companies.

Significant results are also expected in the hydrogen power generation business. With the business registration of the joint venture ‘SL Energy Solution,’ established to promote the Energy Super Station project, DGP CEO Kyungwon Oh was appointed as the CEO of SL Energy Solution. SL Energy Solution is actively participating in the hydrogen power generation business in accordance with the Clean Hydrogen Power Supply obligation (CHPS).

A DGP official stated, “The plans announced earlier this year to secure financial soundness and promote new businesses such as small-scale solar power and hydrogen power generation are progressing smoothly,” adding, “We will emerge as a leading renewable energy company with a diverse business portfolio ranging from wind power to solar power and hydrogen power generation.”

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