Korea Electric Power Corp. (KEPCO) and LS Group joined forces in the dedication of the solar-ESS (Energy Storage System) 28MW Hokkaido Chitose Solar Power Plant with Korean homegrown technologies. The dedication of the plant, the largest-ever in Hokkaido, is expected to land additional project orders from Japan.
The Hokkaido Chitose Solar Power Plant went into commercial operation with a dedication ceremony in which dignitaries, including KEPCO President Cho Hwan-eik, LS Group Chairman Christopher Koo and LSIS Chairman Koo Ja-kyun participated.
LS Group Chairman Koo said, “LSIS’s building of Hokkaido’s largest solar power plant in cooperation with KEOCO is a very symbolic occasion.” With the successful implementation of the project, he said, LS Group will be at the forefront of an energy industry paradigm in crafting new technologies in not only the new and renewable energy sectors but also micro-grid, underground cables, super high-voltage direct current transmission with which LS Group has a competitive edge.
LSIS Chairman Koo said, “The successful completion of the project following the Mito Newtown Mega Solar Park Power Plant in 2015, and the recent winning of the Hanamizuki Solar Power Plant in recognition of its capabilities have attracted a great attention from the Japanese mega-solar market.”
LSIS will get a head start in the global smart energy market by securing capabilities to develop new projects beyond simply supplying solutions, he added. KEPCO is involved in project development and investment with Energy Product, a Japanese new and renewable energy company. About 10 Korean companies, including LSIS, have joined forces in the implementation of the project as equipment and facilities suppliers.
KEPCO is responsible for the whole of the project with an 80 percent stake, the largest shareholder in a special purpose company. LSIS, winner of a 98 billion won order, is charged with the completion of the project and guaranteeing power generation efficiency, EPC, and operation and maintenance (O&M) for 20 years.
The Chitose Solar Power Plant is Japan’s first solar-ESS power plant outfitted with 130,000 photovoltaic modules and ESS facilities with a capacity of 13.7MWh, which was built on a 1.08 million sq. meter site near New Chitose International Airport in Hokkaido. In accordance with a power purchase agreement signed with KEPCO, electricity, produced by the Chitose Solar Power Plant, will be sold to Hokkaido Electric Power Co. for 20 years for 40 yen per kWh. KEPCO is expected to reap 317.4 billion won in proceeds from the selling of electric power and 64 billion won in dividend incomes.
LSIS has a strategy of proving its technology prowess by the successful operation of the solar-ESS power plant and accelerating efforts to make inroads into the global market in a full-fledged fashion based on the project knowhow it will accumulate while implementing it.
LSIS’ Competitive Edge in Global Solar Panel Market
LSIS proved its competitiveness in the global solar panel market once again by winning another mega-solar project in Japan. This is the third one, following the 40MW Mito Newtown Mega Solar Park Power Plant ― for which LSIS provided the modules and related devices ― and the dedicated 39MW Chitose Power Plant.
LSIS announced that it had been selected as the construction and operation contractor for the approximately 46 billion won 18MW Hanamizuki Solar Power Plant to be established in Ishikawa Prefecture, Honshu, Japan. LSIS entered into a contract for the EPC turnkey project with Ishikawa Hanamizuki1 Merger Company.
For Hanamizuki Power Plant, approximately 54,000 18MW solar panel modules and operational system are planned to be constructed in the 300,000 square meter area in Kashima District, Ishikawa Prefecture from August 2017 to March 2019. It will stably supply to Hokuriku Electric Power Company ― with which a PPA was signed ― electricity capable of powering around 5,000 households annually for 20 years at 36 JPY per kWh.
Through the Japanese branch LSIS Japan, LSIS guarantees responsible completion and generation efficiency including overseeing EPC and O&M (Operating & Maintenance) for the next 20 years.
This project is the third one, following the Ibaraki Prefecture Mito Newtown Mega Solar Park Power Plant ― LSIS’s first mega-solar project in Japan ― and dedicated the solar-ESS (Energy Storage System) 39MW Hokkaido Chitose Solar Power Plant, the first of such plant in Japan, obtained in the previous year. SMTB (Sumitomo Mitsui Trust Bank), a Japanese large-scale financial company, participated as project financing partner.
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