Renewable energy developer Gurīn Energy has secured 379MW of electricity business licences (EBLs) for three utility-scale solar projects in Jeonnam-Gwangju, which it says is a ‘milestone’ in the company’s development.
The licences cover the Jindo Green Solar project, the Jindo Jido-yeomjang Solar Power Project and the Goheung Nuri Solar Power Project.
“We are pleased to have secured this major milestone in the development of our three utility-scale solar power projects in Jeonnam-Gwangju,” commented Seongoh Yeom, representative director, Seoul, at Gurīn Energy.
“The EBLs awarded by the Ministry of Climate, Energy and Environment reflect Gurīn Energy’s long-term commitment to South Korea as well as our disciplined approach to project development, including regulatory compliance, community engagement, environmental protection and technical design.”
About the projects
Jindo Green Solar, located on Jindo Island, was awarded 216MW in EBLs earlier, while the Jindo Jido-yeomjang project, also on the island has secured 65MW in EBLs.
The third project, the Goheung Nuri Solar Power Project, is a ground-mounted solar facility in Goheung-gun which has so far secured 98MW in EBLs; around half of its planed capacity. Goheung Green Solar, which operates the facility, is a joint venture of Gurīn Energy and Kumyang Green Power.
Once completed, the three projects are expected to have a combined capacity of approximately 500MW, generating enough electricity to meet the annual consumption of around 200,000 Korean households.
Gurīn Energy currently has a portfolio comprising 600MW of solar and wind projects in South Korea. The company acquired a 300MW portfolio of solar and wind projects in the country last year, while it said its latest acquisition supports the country’s target of increasing renewable energy capacity in the national power mix to 100GW by the end of the decade, compared with 37GW currently.
Energy transition
“The energy transition is one of the defining challenges and opportunities of our generation – not only to address the ongoing climate crisis but also to mitigate the national security risk of acute dependencies on volatile and often unreliable imports of fossil fuels,” commented Assaad Razzouk, chief executive of Gurīn Energy.
“South Korea is accelerating its energy transformation and we are committed to working with the government, businesses and communities to do what we can to build, together, a sustainable future for all.” Read more here.
