SK Eteronics Signs 100MW Solar Direct PPA

SK Eterynics 'Yeongwol Gwangjeon No.1' Solar Power Plant Panorama. SK Eterynics

On May 29, SK Eteronics announced that it had signed a direct power purchase agreement (direct PPA) for the supply of 100 megawatts (MW) of solar renewable energy.

This agreement involves supplying 100 MW of solar power to domestic RE100-compliant companies over the next 25 years, amounting to a total value of 502.3 billion won. SK Eteronics explained that this is its fourth direct solar PPA contract since November 2024. Including the direct PPA with the Pungbaek Wind Power Complex signed in December last year, this marks the company’s fifth large-scale direct PPA overall.

SK Eteronics secures multiple small- and medium-sized solar power plants and, as a renewable energy electricity supplier, focuses on signing direct PPAs with RE100-participating companies to provide power.

A company representative stated, "By unifying the entire process from securing generation resources to supplying electricity, we have established stable supply capabilities and can offer flexible contract structures tailored to the needs of demand companies, earning us a higher level of trust compared to other operators."

To date, SK Eteronics has signed direct PPAs totaling a cumulative 355 MW and approximately 1.8 trillion won.

Kim Haejung, CEO of SK Eteronics, said, "SK Eteronics is achieving rapid growth and market competitiveness based on a structured business model that covers everything from the development and acquisition of solar power plants to electricity sales and operations. Moving forward, we will continue to support companies in achieving RE100 and contribute to national carbon neutrality by securing solar and wind renewable energy resources and offering differentiated financial structures."

This content was produced with the assistance of AI translation services.