Ulsan City announced on the 14th that it had signed an investment agreement for a solar energy distribution project within the Ulsan Industrial Complex.
This agreement was prepared to advertise a project to put in 150 megawatt (MW) solar energy generation facilities on factory roofs and idle land inside industrial complexes within the Ulsan area, with an investment of roughly KRW 300 billion by Korea Central Power, NextS, and Green Harbor Asset Management.
Ulsan City, Ulsan Chamber of Commerce and Industry, Korea Industrial Complex Corporation, and Korea Industrial Complex Ulsan Management Association promised administrative support for the spread of solar energy inside the economic complex.
Korea Central Power Co. will purchase renewable energy supply certificates, apply to be used of transmission and distribution electric facilities, etc. NextS will conduct corporate demand surveys, public relations, marketing, and development, and Green Harbor Asset Management will conduct financing, etc. Industrial Bank of Korea will apply preferential rates of interest to corporations installing solar energy facilities.
Firms participating within the installation of solar energy in industrial complexes can receive rental income from solar energy generation, in addition to advantages from Sunplus services reminiscent of factory environment improvement services, power efficiency services, and ESG support services planned by the Industrial Complex Renewable Energy Promotion Team for corporations moving into industrial complexes.
An Ulsan official said, “We are going to actively support the expansion of sustainable renewable energy supply through the economic complex solar energy supply project and the conclusion of carbon neutrality and RE100 by cooperating with relevant organizations.”
Meanwhile, the Ministry of Trade, Industry and Energy announced a plan to revitalize solar energy in industrial complexes on the Renewable Energy Policy Council held in July, deeming industrial complexes with good resident and grid acceptance because the optimal location for orderly, state-led solar energy distribution. The Ulsan Mipo-Onsan National Industrial Complex is one in every of the economic complexes designated for this Ministry of Trade, Industry and Energy’s public-led, large-scale pilot project.
Ulsan plans to create a successful case of commercial solar energy through preemptive investment in the general public sector and collaboration with related organizations.
