Trinasolar, a global leader in smart PV and energy storage solutions, has signed a memorandum of understanding (MOU) with two Korean companies to develop solar projects in Korea totalling 100MW by end of 2025, helping to accelerate the RE100 movement in the country.
(L-R: Chang Seok Lee, Director of SolarTEQ; Li Na, Trinasolar Asia Pacific General Manager for Israel, Japan and Korea; Hyungum Cho, CEO of CSC Energy)
It signed the MOU with renewable energy consultancy CSC Energy and engineering, procurement and construction (EPC) company SolarTEQ.
This alliance aims to empower businesses committed to clean energy by developing large-scale, ground-mounted solar power plants. The MOU establishes a framework for collaboration, leveraging each party's strengths to specifically target the rapid growth of the RE100 initiative in South Korea.
RE100 is a global movement that brings together large and ambitious businesses committed to sourcing 100% of their electricity from renewable sources.
Li Na, Trinasolar Asia Pacific general manager for Israel, Japan and Korea; Chang Seok Lee, Director of SolarTEQ and Hyungum Cho, CEO of CSC Energy signed the MOU in South Korea.
"This MOU represents a significant opportunity for Trinasolar to contribute to the growing RE100 movement in South Korea," said Li. "By combining our strengths with our local partners, we are confident we can develop and deliver successful solar projects that meet the needs of RE100 companies, accelerating South Korea's transition to clean energy."
Trinasolar will contribute its cutting-edge solar module technology. CSC Energy will offer project development, financial and technical expertise, alongside RE100 demand matching services. SolarTEQ will manage the procurement of solar modules and other critical project components.
South Korea has ambitious goals for a sustainable future, aiming for carbon neutrality by 2050. This MOU directly supports these goals by enabling companies to achieve their RE100 targets.