Aquila Clean Energy APAC invests in 300 MW solar projects in South Korea
This is the company’s first investment in South Korea.
Aquila Clean Energy APAC (ACE APAC) partnered with South Korea’s Alpha Asset Management and local project developer Central ENG to develop 300 megawatts of solar projects in the country.
In a statement, ACE APAC said it will oversee the projects’ development along with Central ENG who will lead the local permitting requirements.
“To achieve its climate goals, the South Korean government continues to push to meet 20% of its energy needs from clean energy sources by 2030,” ACE APAC CEO Alexander Lenz.
“We see this solar investment as an opportunity to support this goal and for us, a chance to establish a foothold in South Korea, a market whose prospects we are bullish on, especially considering the government’s supportive policies for a smooth energy transition,” he added.
ACE APAC, a part of Hamburg, Germany-based Aquila Group, was established in South Korea in September 2022.