LG Innotek will safeandsecure electricalpower and supply eco-friendly energy certificates (REC) under a 20-year fixed-price contract, procuring 100 GWh of sustainable energy per year.

Image: Brite Energy Partners

BEP hasactually signed a REC sales arrangement with LG Innotek for 84.7 MW of sustainable energy in South Korea.

The contract sees LG Innotek, a Seoul-based electronicdevices producer, getin into a 20-year contract with Brite. It prepares to procure 100 GWh of eco-friendly energy eachyear, equivalent to the power usage of around 23,809 Korean families.

LG Innotek will likewise safeandsecure and supply RECs, a type of accreditation helpedwith through repaired costs or area trading bymeansof the Korea Energy Corp., to acknowledge environment-friendly electricalenergy use or greenhouse gas emission decrease accomplishments.

BEP has billed the arrangement as the biggest single REC agreement in South Korea’s sustainable energy market in terms of generation capability, omitting deals inbetween associated corporations. CEO Brian Heeseong Kim stated  BEP “will actively comply, using solar power properties to help LG Innotek in attaining its sustainable energy shift objectives.”

BEP revealed its veryfirst solar power purchase contract in South Korea in April 2023.

This material is safeguarded by copyright and might not be recycled. If you desire to worktogether with us and would like to reuse some of our content, please call: editors@pv-magazin