- Press Releases
December 21 (Renewables Now) - Enel X Korea, part of Italian utility group Enel SpA (BIT:ENEL), has recently launched 6.2 MW of rooftop photovoltaic (PV) systems across several regions in South Korea.
Enel X, an independent aggregator in virtual power plant (VPP) and provider of demand response services, has installed ten solar PV systems on the rooftops of factories in industrial complexes throughout Korea.
The PV systems were deployed as a joint investment with Korea Midland Power Co Ltd (KOMIPO). Together, the rooftop arrays can generate 8 GW annually.
Built under the ‘win-win’ power generation model, the energy produced by the solar arrays will be sold to the Korea Power Exchange (KPX). They also have 20-year long-term fixed contracts with KOMIPO in relation to renewable energy certificates (RECs). The companies leasing their roofs will receive payments in the form of a rental fee, Enel X noted.