LS Electric Wins Domestic Largest Reclaimed Land Solar Power Plant Project Worth 106.2 Billion KRW
GS Dangjin Solar Farm Signs EPC Contract for 120M Class Project
LS Electric has been selected as the builder of the largest reclaimed land (saline soil area) solar power plant project in South Korea.
The LS Electric consortium (LS Electric·Top Solar) recently announced on the 24th that it signed an EPC (Engineering, Procurement, and Construction) contract worth approximately KRW 106.2 billion with GS Dangjin Solar Farm for the construction of a 120MW-class solar power plant.
Aerial view of GS Dangjin Solar Farm photovoltaic power plant.
[Photo by LS Electric]
This project involves GS Dangjin Solar Farm, a 100% subsidiary of GS Energy, constructing a 120MW-class solar power plant on a 1 million square meter reclaimed land site created by the Daehoman embankment in Seokmun-myeon, Dangjin-si, Chungnam Province. It is the largest reclaimed land solar power plant in the country. The project period is until December 2025.
LS Electric participated in the project by forming a consortium with Top Solar, a solar power specialized construction company, and will carry out the EPC project supplying the entire process including design, manufacturing, procurement, delivery, and construction of solar power facilities with a capacity of 120MW, as well as a 154kV substation and transmission line construction.
The GS Dangjin Solar Farm aims to start commercial operation in December 2025, and the electricity produced for 20 years after completion will be sold to PPA (Power Purchase Agreement) customers.
Additionally, GS Dangjin Solar Farm is expected to reduce carbon emissions by approximately 73,000 tons (equivalent to planting 240,000 pine trees annually) through eco-friendly power generation from the 120MW-class solar power plant.
Hot Picks Today
"Buy on Black Monday"... Japan's Nomura Forecasts 590,000 for Samsung, 4 Million for SK hynix
- "Not Everyone Can Afford This: Inside the World of the True Top 0.1% [Luxury World]"
- "Plunged During the War, Now Surging Again"... The Real Reason Behind the 6% One-Day Silver Market Rally [Weekend Money]
- "We're Now Earning 10 Million Won a Month"... Semiconductor Boom Drives Performance Bonuses at Major Electronic Component Firms
- "Target Price Set at 970,000 Won"... Top Investors Already Watching, Only an 'Uptrend' Remains [Weekend Money]
An LS Electric official stated, "We have been recognized for our business capabilities and reliability by successfully carrying out large-scale renewable energy power plant projects domestically and internationally, and we have also succeeded in winning the largest reclaimed land solar power plant project in Korea." He added, "We will actively promote the development of ultra-large renewable energy projects in line with the energy transition trend driven by the increasing demand for RE100."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.