- Home
- Peak...
Peak Energy signs MOU with Shinsung E&G and YSP to develop solar rooftop portfolio in Korea
Peak Energy is led by a team that has developed the largest solar rooftop portfolio in Asia, with over 400 MW of projects completed across 13 countries in the last few years. Under this agreement, Peak Energy will be responsible for project coordination, business management, financing and sourcing corporate customers for the power. Shinsung and YSP will focus on sourcing rooftops and lead construction activities.
Gavin Adda, CEO of Peak Energy said, "Peak Energy is committed to Korea, we currently own and operate one of the largest projects in the country. Peak and its partners are committed to helping the South Korean Government achieve its goals and this agreement is specifically focused on catalyzing the rooftop solar industry. We are keen to help by bringing global best practices. That being said, we rely on long-term, strategic partnerships to help us grow and we are very pleased to launch with two of the top solar industry players in Korea."
Su-ok Choi, Vice President of Shinsung's Renewable Energy Business Division, said, "Through this agreement, we expect to further revitalize the domestic solar energy market and create positive synergy among the three companies. We will continue to do our best to achieve carbon neutrality in the future."
About Peak Energy
Peak Energy is headquartered in Singapore and is an Independent Power Producer that develops, owns, and operates renewable assets across Asia. Peak Energy's activities encompass the whole specter of renewable energy business models such as utility-scale development, off-site PPAs, onsite PPAs and energy storage applications, in order to position itself as the one-stop partner for corporates seeking to decarbonize their operations in Asia Pacific. Peak Energy has nearly 300 MW of operating solar projects across Asia. For more information, please visit https://www.peakenergy.asia. Peak Energy is wholly-owned by Stonepeak. Stonepeak is a leading alternative investment firm specializing in infrastructure and real assets with approximately $57.9 billion of assets under management.
About Shinsung E&G
Shinsung is a first-generation domestic solar power company that produces high-output, eco-friendly solar modules and is leading the industry in South Korea through the construction and operation of solar power plants. In addition, Shinsung has developed a cloud-based 'Eco Platform' service that provides total renewable energy services and provides solutions for optimal RE100 implementation, including power generation monitoring and economic analysis of power demand and supply companies.
- https://www.msn.com/en-ph/news/other/peak-energy-signs-mou-with-shinsung-e-g-and-ysp-to-develop-solar-rooftop-portfolio-in-korea/ar-BB1psNZ8?ocid=00000000
Related
World No 1 Jannik Sinner watches on as girlfriend Anna Kalinskaya is forced to retire in TEARS against former Wimbledon champion Elena Rybakina
TAMARA PRENN AT WIMBLEDON: The No 17 seed had previously brought play to a halt after calling for a medical timeout during the opening set on Centre Court.
NewsRaducanu ‘stands by decision’ ending Andy Murray’s Wimbledon career
Emma Raducanu defended her controversial decision which ended Andy Murray’s Wimbledon career by withdrawing from their mixed doubles match on the eve of her fourth round singles defeat against Lulu Sun. Raducanu was scheduled to play with former Wimbledon champion Murray on Saturday, but opted to pull out of the tie due to a stiff wrist. The 2021 US Open champion wanted to avoid aggravating the problem prior to Sunday’s 6-2, 5-7, 6-2 loss to New...
NewsToni Kroos says immigration has left his homeland unrecognisable
The Real Madrid star, who left his home nation ten years ago to play for the Spanish giants, returned to Germany this summer to play for his country in Euro 2024 .
NewsXi to world powers: Help Russia, Ukraine ‘resume direct dialogue’
BEIJING — Chinese President Xi Jinping told Hungarian Prime Minister Viktor Orban on Monday that world powers should help Russia and Ukraine re-start direct negotiations during a visit to Beijing branded a “peace mission” by the European leader. Orban’s trip to China comes a day before NATO is due to hold a summit to mark its 75th anniversary, with setbacks in Ukraine set to dominate discussions, and follows surprise visits by the Hungarian...
NewsDoctors dig through rubble of bombed Kyiv children's hospital with bare hands
The attack is the biggest bombardment of the Ukrainian capital for several months, officials said.
NewsDOTr eyes arbitration case vs Chinese train builder
THE Department of Transportation (DOTr) plans to file an arbitration case against CRRC Dalian, a Chinese train manufacturer, for allegedly delivering non-compliant trains for the MRT-3 system. The trains supplied by Dalian are heavier than what was specified in the contract, Transportation Secretary Jaime Bautista said. Running Dalian's trains could result in higher maintenance and rail line costs, Bautista said. He said the government was...
NewsHungary PM Orban in Beijing on ‘Peace mission 3.0’
BEIJING — Hungarian Prime Minister Viktor Orban met Chinese President Xi Jinping in Beijing on Monday, state media reported, in a visit the European leader has branded as a “Peace mission 3.0” after recent trips to Moscow and Kyiv. The unannounced visit comes a day before NATO is due to hold a summit to mark its 75th anniversary, with setbacks in Ukraine set to dominate discussions, and follows Orban’s surprise trips to Russia and Ukraine in the...
News‘Still too early to declare victory against inflation’
MANILA, Philippines — Even as headline inflation surprised to the downside in June and stayed within the central bank’s two to four percent target, it is still premature to proclaim a definitive victory over inflation, the top official of the Bangko Sentral ng Pilipinas (BSP) said. “This is a cause for reassurance because (inflation) seems to be going in the direction we expected. So it’s reassuring,” BSP Governor Eli Remolona Jr. said. “But we...
News