GWANGJU < invest Korea

The Gwangju Metropolitan Waterworks announced last week that it will develop solar power generation facilities of 7 MW on 13 idle sites (45,683 m2).

It plans to install 28,000 solar modules to produce electricity of 9.40 million kW, which can support about 2,600 households a year.

The Gwangju Metropolitan Waterworks plans to attract private investment of KRW 20 billion and will make an announcement to find a developer next month.

The developer has to rent the sites from Gwangju City to operate the plant for 20 years and donate the facilities to the city.

Gwangju expects to see a profit of KRW 200 million a year.

Gwangju mayor Gang Woon-tae noted that development of solar power plants on idle public lands is a success case on creative ideas, adding that the installment of solar plants on idle lands and building should be expanded.

Source Text

Source: Yonhap News (Sep. 9, 2013)

** This article was translated from the Korean.