Gyeongbuk to Invest 500 Billion Won in 300MW Rooftop Solar Power Facilities for Industrial Complexes, Agricultural Complexes, and Parking Lots

MOU Signed for Rooftop Solar Power Project
Gyeongbuk Province and Partners Join Forces to Build 300MW Facilities and Lead Energy Transition

On September 4, Gyeongbuk Province signed a memorandum of understanding (MOU) for joint cooperation and investment in the "Industrial Complex and Idle Site Rooftop Solar Power Facility Construction Project" with BNK Asset Management Co., Ltd., Ecopro Partners Co., Ltd., Next S Co., Ltd., and the Gyeongbuk Agricultural and Industrial Complex Council at the provincial government office.

Approximately 30 participants, including Geumhee Yang, Deputy Governor for Economy of Gyeongbuk Province, Kyungsik Sung, CEO of BNK Asset Management Co., Ltd., Jeongsik Bang, Advisor of Ecopro Partners Co., Ltd., Kyungik Son, CEO of Next S Co., Ltd., Hyunggu Kim, Chairman of the Gyeongbuk Agricultural and Industrial Complex Council, and other officials, attended the signing ceremony to mark the meaningful occasion.

(From left) Kyungik Son, CEO of Next S; Kyungsik Sung, CEO of BNK Asset Management; Geumhee Yang, Deputy Governor for Economy of Gyeongbuk Province; Jeongsik Bang, Advisor of Ecopro Partners Co., Ltd.; and Hyunggu Kim, Chairman of Gyeongbuk Agricultural and Industrial Complex Council, are holding the signed agreement and posing for a commemorative photo after signing a business agreement.

This project aims to install rooftop solar power facilities with a total capacity of 300MW by utilizing idle spaces such as industrial complexes, agricultural and industrial complexes, and parking lot rooftops within the province. The project will be implemented in 10 phases over three years from 2025 to 2028, with a total investment of 500 billion won.

In particular, the project is expected to help industrial complexes achieve energy self-sufficiency, reduce electricity costs for tenant companies, and generate additional revenue through roof rental fees, profit distribution from power generation, and REC sales, as well as create high-quality new jobs.

For the successful implementation of the project, BNK Asset Management and Ecopro Partners will leverage their expertise in eco-friendly business investment to ensure stable financial procurement and fund management, while Next S will oversee the entire process, including design, construction, and operation.

The Gyeongbuk Agricultural and Industrial Complex Council will encourage participation and cooperation among its member companies, and Gyeongbuk Province will establish a cooperative system with relevant agencies and city and county governments to provide full administrative support.

Furthermore, the collaborative structure driven by these five pillars is expected to provide a solid foundation for Gyeongbuk Province to establish itself as the center of Korea's future energy industry and, ultimately, to become a driving force in the growth of the global economy.

Geumhee Yang, Deputy Governor for Economy of Gyeongbuk Province, emphasized, "Gyeongsangbuk-do has established its own energy transition plan and is actively implementing it. This agreement further concretizes that vision, and Gyeongsangbuk-do, together with companies and industrial and agricultural complexes, will take the lead in practicing carbon neutrality."

Deputy Governor Yang added, "Through this project, we will enhance the competitiveness of local companies in line with government and global energy policies, and make Gyeongbuk a key hub leading the era of eco-friendly energy."

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