Pohang Industrial Solar PV Park is a 60MW solar PV power project. It is planned in North Gyeongsang, South Korea. According to GlobalData, who tracks and profiles over 170,000 power plants worldwide, the project is currently at the permitting stage. It will be developed in a single phase. The project construction is likely to commence in 2024 and is expected to enter into commercial operation in 2025. Buy the profile here.
Description
The project is being developed by Hanwha Solutions and Korea East-West Power. These companies also have ownership stakes in the project.
Pohang Industrial Solar PV Park is a ground-mounted & roof-mounted solar project.
The project cost is expected to be around $86.008m.
Development status
The project construction is expected to commence from 2024. Subsequent to that it will enter into commercial operation by 2025.
Power purchase agreement
The power generated from the project will be sold to Korea East-West Power under a power purchase agreement.
Contractors involved
Hanwha Solutions is expected to render engineering procurement construction services for the solar PV power project.
Hanwha Solutions will be the supplier of PV modules for the solar power project.
For more details on Pohang Industrial Solar PV Park, buy the profile here.
About Hanwha Solutions
Hanwha Solutions Corp (Hanwha Solutions), a subsidiary of Hanwha Corp, is a provider of chemicals, solar energy solutions and advanced industrial materials. The company carries out the production of inorganic chemical, plastic and polymer products which include chlorine and caustic soda, polyethylene, polyvinyl chloride, polyolefin, chlor-alkali, toluene diisocyanate, ethylene vinyl acetate, linear low-density polyethylene and other wire and cable compounds. It manufactures polysilicon for photovoltaic production, lightweight composite and thermoformable materials, solar cells and modules and electronic circuits including coverlay film, flexible copper clad laminate, adhesive sheet, and electro-magnetic shielding film used in mobile phones and tablets. Hanwha Solutions serves packaging, solar energy, paper, textiles, metals, construction materials, and automotive electronics. The company has operations in Malaysia, China, India, Thailand and Saudi Arabia. Hanwha Solutions is headquartered in Seoul, South Korea.
About Korea East-West Power
Korea East-West Power Co Ltd (EWP), a subsidiary of Korea Electric Power Corp, is a state-owned electric utility producer. It generates and supplies the electricity to its customers in the region. It produces electricity from various sources including coal, oil, liquefied natural gas, mini hydro, and renewable sources such as solar, wind, biomass, and biogas. The company also offers plant construction, engineering, plant operations, and plant maintenance services; and financial investment services for the exploration and development of mines. EWP serves in domestic and overseas regions. It has operating and developing interests in power generation facilities in North America, Latin America and the Caribbean, Asia, and Oceania. EWP is headquartered in Jung-gu, Ulsan, South Korea.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
This information is drawn from GlobalData’s Power Intelligence Center, which provides detailed profiles of over 170,000 active, planned and under construction power plants worldwide from announcement through to operation across all technologies and countries worldwide.
