Picture: Brite Vitality Companions
BEP has signed a REC gross sales settlement with LG Innotek for 84.7 MW of renewable vitality in South Korea.
The settlement sees LG Innotek, a Seoul-based electronics producer, enter right into a 20-year settlement with Brite. It plans to obtain 100 GWh of renewable vitality yearly, equal to the ability consumption of roughly 23,809 Korean households.
LG Innotek will even safe and provide RECs, a type of accreditation facilitated via mounted costs or spot buying and selling by way of the Korea Vitality Corp., to acknowledge eco-friendly electrical energy utilization or greenhouse fuel emission discount achievements.
BEP has billed the settlement as the most important single REC contract in South Korea’s renewable vitality market when it comes to era capability, excluding transactions between affiliated conglomerates. CEO Brian Heeseong Kim mentioned BEP “will actively cooperate, using solar energy property to help LG Innotek in attaining its renewable vitality transition objectives.”
BEP introduced its first solar energy buy settlement in South Korea in April 2023.
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