Main Business
Main Business
2.6GW Renewable energy project
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1
Terrestrial solar power 300MW
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234
Floating solar power 2,100MW
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5
Wind power 100MW
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6
Fuel cell 100MW
Status of terrestrial solar power generation projects in Saemangeum sections 1, 2, and 3
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Status of terrestrial solar power generation projects in Saemangeum
Saemangeum Terrestrial Solar Power Generation Project, Section 1
1
Project summary
Company
Saemangeum Hope Solar Energy Co., Ltd
Project site
East side of industrial research site, Section 1 / 1.15 km² (approximately 350,000 pyeong)
Facility capacity
About 99MW
Project period
From 2019 to 2041 (3 years for permits and construction, 20 years for operation
Progress
- ‘19.04. Acquisition of electricity business permit for solar power generation project (Ministry of Trade, Industry and Energy)
- ‘19.09. Signing of a business agreement (started business proposal on May 2, 2019)
- ‘19.10. Establishment of SPC with 11 shareholders, including 6 local companies
- ‘20.11. Approval of the plan for use and utilization of shared water surface (Development Agency)
- ‘20.12. Groundbreaking ceremony and construction of the solar power plant in Section 1
- ‘21.12. Recruitment of community participation bonds (approximately 6.4 billion won)
- ‘21.12. Commercial operation of the solar power plant in the section 1 has begun
- ‘22. 末. Public fund-raising of about 93 billion won.
Saemangeum Terrestrial Solar Power Generation Project, Section 3
3
Project summary
Company
Saemangeum Sevit Power Plant Co., Ltd.
Project site
East side of industrial research site, Section 3 / 1.18 km² (approximately 360,000 pyeong)
Facility capacity
About 99MW
Project period
From 2020 to 2042 (2 years for permits and construction, 20 years for operation
Progress
- ‘19.04. Acquisition of electricity business permit for solar power generation project (Ministry of Trade, Industry and Energy)
- ‘20.02. 5 excellent proposals selected through concept design competition.
- ‘20.07. Agreement on business cooperation (announcement of business solicitation on March 27, 2020)
- ‘20.07. Establishment of SPC (4 local companies out of 10 shareholders)
- ‘21.04. Approval of the plan for use and utilization of shared water surface (Development Agency))
- ‘21.04. Construction began on the solar power plant in section 3
- ‘22.03. Recruitment of local community bonds for approximately 58 billion won.
- ‘22.05. Started commercial operation of solar power plant in Section 3
