CHUNGCHEONGBUK-DO < invest Korea

According to Yonhap News,

(YEONGDONG=Yonhap News) The largest solar power plant on water in the world will be established in the Chupungnyeong Reservoir in Yeongdong, North Chungcheong Province.

According to the Korea Rural Community Corporation on August 17, Green Solar Energy Co., Ltd., a renewable energy company, will invest KRW 5 billion by October to build a 2㎿ solar power plant in the Chupungnyeong Reservoir.

North Chungcheong Province gave permission to the company on August 6 to carry out electricity business. The company plans to install a floating structure in the reservoir before placing the modules.

The solar power plant on water is a power generating facility where a sequence of modules is placed on top of a floating structure in the water.

Green Solar Energy Co., Ltd. expects the plant to produce 2.774 million KW per year, the amount that can be used by 2,500 households for a year.

"If the plant generates electricity as expected, the company will break even in eight years. When the construction of the plant in Chupungnyeong is completed, we plan to build three more 2∼3㎿ solar power plants in Bocheong Reservoir in Boeun, Baekgok Reservoir in Jincheon and Wonnam Reservoir in Goesan,” said an insider of the company.

bgipark@yna.co.kr

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