Peak Energy inks deal for 50MW solar portfolio in Korea

They will jointly work on the project.

Singapore-based renewable energy developer Peak Energy has signed a memorandum of understanding with Shinsung E&G and YSP Co., Ltd. to develop a 50 megawatt solar rooftop portfolio in South Korea.

“The agreement is designed to be a win-win structure by providing increased revenue to existing building owners and green power to RE 100 companies,” Peak Energy said in a statement.

Under the agreement, Peak Energy said it will work on project coordination, business management, financing, and sourcing corporate customers for the power. Shinsung and YSP will source rooftops and lead construction activities, the company added.

The deal follows South Korea’s move to roll out efforts to boost the development and deployment of renewable energy projects like solar facilities in plots and rooftops. These are designed to help the country reduce power costs, improve energy security, and to meet its net zero targets.

Follow the link s for more news on

renewable energy

South Korea

Also Read

Alternergy receives initial tranche from $136m funding for Tanay project

Over 20 countries pledge no new coal power at COP29

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit