Peak Energy Expands Rooftop Solar in South Korea
- Peak Energy partners with Shinsung E&G and YSP Co Ltd to develop 50-MW rooftop solar projects in South Korea, supporting the country's renewable energy goals.
Singaporean renewable power producer Peak Energy, owned by US investment group Stonepeak, has signed an MOU for the development of a 50-MW portfolio of rooftop solar projects in South Korea. The agreement was made with Shinsung E&G, a domestic solar module manufacturer, and YSP Co Ltd, in line with South Korea's efforts to increase solar deployment and achieve national net zero targets.
Peak Energy will handle project coordination, business management, and financing, while Shinsung and YSP will focus on sourcing rooftops and leading construction activities. The company has previously completed over 400 MW of solar projects in 13 Asian countries and is collaborating with Topinfra to develop more solar and battery storage capacity in South Korea.
The initiative is supported by the South Korean government's measures to promote solar deployment on small plots of land and rooftops. Peak Energy's partnership with local companies demonstrates a commitment to sustainable energy development and contributes to the country's renewable energy goals.
What companies are involved in Peak Energy's 50-MW rooftop solar projects in South Korea?
- Peak Energy, a Singaporean renewable power producer owned by US investment group Stonepeak
- Shinsung E&G, a domestic solar module manufacturer in South Korea
- YSP Co Ltd, a company involved in sourcing rooftops and leading construction activities
- Topinfra, a company collaborating with Peak Energy to develop more solar and battery storage capacity in South Korea