Jeonnam Development Corporation Becomes First Local Public Enterprise to Win Mainland BESS Central Contract Market Bid

Selected as Preferred Negotiation Partner for Two Projects
Totaling 160MW in the ESS Central Contract Market

BESS bird's-eye view. Provided by Jeonnam Province

Jeonnam Development Corporation announced on August 12 that it has been selected as the preferred negotiation partner for two projects (totaling 160MW) in the "2025 1st ESS Central Contract Market Competitive Bidding," organized by Korea Power Exchange, becoming the first local public enterprise to achieve this.

This bidding process is a government-led initiative designed to address output control and grid instability caused by the recent expansion of renewable energy facilities. Korea Power Exchange selects operators through competitive bidding to secure the stability of the power grid.

The corporation, in consortium with Top Solar Co., Ltd., plans to install 80MW-scale energy storage facilities each in Yeonggwang County and Muan County by the end of 2026. This is expected to partially resolve renewable energy output control and grid saturation in these areas, thereby strengthening power stability.

Jeonnam Province, which has the highest concentration of renewable energy generation facilities, recorded the most frequent output controls nationwide in 2024 (26 cases). With the selection of seven projects totaling 525MW in this round, an output control reduction effect equivalent to about 875MW of solar power plants is anticipated.

By expanding into the BESS business in addition to its ongoing solar power project (6.5MW) and offshore wind power project (727.3MW), the corporation is expected to solidify its position as a leading energy business institution representing "Jeonnam, the energy capital."

Jang Chungmo, President of Jeonnam Development Corporation, stated, "We believe that being selected for this project will make a significant contribution to stabilizing Jeonnam's insufficient power grid. We plan to continue actively participating in the ESS central contract market in the future."

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