Damyang-gun and Hangang Asset Management Sign Agreement for Industrial Complex Rooftop Solar Project

Expectations for Additional Rental Income Generation from Resident Companies

On the 9th, Damyang-gun, Jeollanam-do announced that it signed a "Damyang-gun Industrial Complex Rooftop Solar Power Project Business Agreement" with Hangang Asset Management Co., Ltd.

This agreement was promoted to install solar power generation facilities on the rooftops of buildings of tenant companies in the local industrial complex to respond to the government's renewable energy policy and to create additional income such as rent for tenant companies.

Through this agreement, Hangang Asset Management will invest approximately 51 billion KRW to install solar power generation facilities with a capacity of about 30MW (megawatts) on the roofs of tenant companies in the local industrial complex. After the start of commercial operation, it will support tenant companies by paying rent and plans to donate about 3% of the total investment to Damyang-gun’s core policies, including Hyangchon welfare support and scholarship funds.

Lee Byeong-no, the mayor of Damyang-gun, said, "Through this agreement, we expect to create additional income through rooftop leasing for tenant companies, create jobs through construction orders for local companies, and revitalize the local economy. We will do our best to provide administrative support such as expedited processing of permits for smooth project promotion."

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