fbpx
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Marketplaces & E-commerce
    • Ecosystem
    • Robotics
    • Investments
    • EdTech
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Startup Investing
    • Fundraising
    • Product Launching
  • MORE
    • Events
    • Startups Advice
  • Submit an Article
  • REGISTER
  • login
No Result
View All Result
No Result
View All Result
Home Clean Technology

Renewable Energy Developer Equis Buys S Korean Hybrid Solar Project

Michael Tan by Michael Tan
30 March 2020
in Clean Technology
0
Equis South Korea
52
SHARES
Share on FacebookShare on Twitter
Bookmark(0)

Please login to bookmark

No account yet? Register

Equis Development, one of Asia’s top renewable energy and waste infrastructure developer, has acquired South Korean hybrid solar and battery storage project, the Jara 1 Solar Project, located in Sinan Municipality, South Jeolla Province.

Financial details of the acquisition were not disclosed, but Equis said Jara comprises a $50-million 22-megawatt solar generation project and a 700MWh battery storage system. The company is also expected to invest up to $2 billion over the next three years in South Korea.

Construction is expected to start in April and operations are forecast to commence in September 2020. Jara will generate over 200 new jobs, providing stable employment opportunities for the local community.

Equis, in partnership with the Sinan Municipality, is also establishing a fund through which the local community will invest into the project, enabling residents to benefit from Jara’s long-term stable income stream.

“We have already commenced expanding Jara to a US$250 million 80MW solar generation project integrating a 260MWh battery storage system and new 400MW substation to connect our additional 300MW development pipeline in the region,” said Equis Managing Director Sung Woo Yang.

The company is a renewable energy and waste infrastructure developer operating in Australia, Korea, Japan, Singapore, and Taiwan. It has developed over 200 renewable energy and waste infrastructure projects across the Asia-Pacific region and is currently completing the development and construction of active projects.

The Jara project is the 19th project secured and financed following the restructure of Equis. This restructuring was undertaken after the sale of Equis Energy to Global Infrastructure Partners (GIP) in January 2018.

The business has restructured its entire asset and capital management model and has brought together partners and staff – across development, investment, and operations – under a single corporate entity.

“Jara represents a pivot by Equis into more integrated renewable energy opportunities within the Asia-Pacific region. Whilst continuing to develop standalone solar and wind generation in our target markets of Japan, Korea, Australia, and Taiwan, Equis is leading the industry in developing base-load renewable energy solutions,” said Equis Managing Director David Russell.

What are your thoughts?
+1
1
Upvote
+1
0
Clap
+1
0
Clap
+1
0
On fire
+1
0
Meh
+1
0
Clap
+1
0
Tags: Equis DevelopmentJaraRenewable Energysolar energy
Previous Post

How David Kang, Founder And COO Of Keeper Tax Helps People Save $1,249 In Under 10 Minutes?

Next Post

Fredrik Edeland, Founder of Express Delivery Sweden And Sendify – Driven By Innovation And Challenge To Simplify Logistics

Related Posts

TC Ventures
Clean Technology

Singapore’s TC Ventures invests in German, French startups

March 7, 2022
Xurya
Clean Technology

Indonesia’s renewable energy startup Xurya raises US$21.5 million funding in Series A

January 13, 2022
SUN Energy
Clean Technology

SG’s solar energy firm SUN Energy raises US$25 million in its Series A funding round

November 26, 2021
VFlowTech
Clean Technology

RE startup VFlowTech raises $3 million in Pre-Series A funding

October 6, 2021
iHandal
Clean Technology

Unique Startup Business Models – Story – 6 – iHandal – Developing Innovative Solutions To Create A Better Environment For Future

June 15, 2021
Organic Initiative
Clean Technology

Unique Startup Business Models – Story – 5 – Organic Initiative- Offering Eco-Friendly Hygiene Products With 0% Plastic

June 13, 2021
Next Post
Fredrik Edeland

Fredrik Edeland, Founder of Express Delivery Sweden And Sendify - Driven By Innovation And Challenge To Simplify Logistics

Discussion about this post

No Result
View All Result

Follow Us

FREE NEWSLETTER




Copyright © 2021 AsiaTechDaily.com| About Us | Seed acceleratorTerms of Use| Privacy Policy| Cookie Policy Contact : [email protected] | DMCA.com Protection Status | trusted by Wimgo

No Result
View All Result
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Ecosystem
    • Marketplaces & E-commerce
    • Robotics
    • Investments
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Startup Investing
    • Fundraising
    • Product Launching
  • MORE
    • Events
    • Startups Advice
  • Submit an Article
  • Forums
  • Jobs
  • REGISTER
  • Login

Copyright © 2021 AsiaTechDaily.com| About Us | Seed acceleratorTerms of Use| Privacy Policy| Cookie Policy Contact : [email protected] | DMCA.com Protection Status | trusted by Wimgo