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 2025 and is expected to enter into commercial operation in 2026. Buy the profile here.

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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.

Development status

The project construction is expected to commence from 2025. Subsequent to that it will enter into commercial operation by 2026.

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) is a diversified technology company. Its main activities include the production of petrochemicals, developing solar energy solutions, and creating new business models through planning, development, operation and finance. The company's major products include eco-friendly plasticizer ECO-DEHCH, hydrogenated petroleum resin, and solar power solutions. Hanwha operates under its brands such as Q CELLS and Q Energy. The company's products and services are used in various industries, including energy, construction, and manufacturing. Hanwha is headquartered in Seoul, South Korea.

This content was updated on 14 May 2024

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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.