Renewable

November 11 (Renewables Now) - German renewables developer BayWa r.e. AG has completed the construction and switched on a 1-MW solar farm in South Korea, its first in the country, the company announced today.

Located in Cheorwon-gun, Gangwon-do province, the ground-mounted photovoltaic (PV) plant has already been sold to an unnamed investor.

“Our next step will be expanding the existing pipeline not only in terms of capacity but without limitation of applications such as floating-PV or Agri-PV,” ChanSoo Larry Kim, BayWa r.e. Korea Co Ltd head of project development, said, adding that the company is ready to support corporations working to meet green targets.

This solar project supports Baywa's plan to expand across the Asia Pacific region.

At present, BayWa r.e. Korea Co Ltd is also looking into investment opportunities in the onshore and offshore wind energy market, following South Korea's pledge to become carbon neutral by 2050.