LSIS Chairman Koo Ja-kyun signs a deal on project to build a photovoltaic power plant connected with energy storage system in Yeongam County with Chairman Suh Ki-sup of Daemyoung Energy, at Deamyoung Energy headquarters in Yangjae-dong, Seoul, on June 4. (Photos: LSIS)
LSIS is accelerating efforts to strengthen its presence in the Korean smart energy market as the company won a 93MW photovoltaic power plant project in Yeongam, Jeollanam-do. LSIS has been selected as the winner of a project to building a photovoltaic power plant connected with energy storage system in Yeongam County.
Chairman Suh Ki-sup of Daemyoung Energy, the owner of the project, signed a 184.8 billion won EPC contract on the project with LSIS Chairman Koo Ja-kyun at Deamyoung Energy headquarters in Yangjae-dong, Seoul, on June 4. The project is the largest-ever photovoltaic power project LSIS has so far landed in Korea.
The Yeongnam photovoltaic power project calls for building a 93MW photovoltaic power plant on a land covering 2.96 million sq. meters within a site of a 40MW wind power plant being built by Daemyoung Energy and Korea South-East Power (KOEN)
Under the deal, LSIS will take charge of the EPC project to install a combined 93MW photovoltaic power facilities, 242MWh ESS, and 154kV substations and power transmission lines. The Yeongnam photovoltaic power project is to go into commercial operation on Dec. 31, 2020. Daemyoung Energy will sell renewal energy credits on the 20 years of photovoltaic power generation to KOEN.
Daemyoung Energy is expected to reap an annual average of about 30 billion won in revenues or some 600 billion won for 20 years by generating 120GWh of electricity annually, which is equivalent to supplying power to roughly 30,000 households.
The projected photovoltaic power plant is expected to have an effect of reducing greenhouse gas emissions equivalent to 56.000 tons or planting 310,000 pine trees.
LSIS plans to realize a “top quality smart energy solution” since the project is an unprecedented large-scale photovoltaic power plant connected with ESS, an LSIS official said. If and when the projected Yeongnam photovoltaic power plant is dedicated, the site will emerge as Korea’s largest-ever new and renewable energy center, he added.
A view of a pavilion set up by LSIS at the SPS IPC Drives Italy 2019.
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LSIS unveiled new automation and electric systems such as G100 Drive and Metasol vacuum circuit breaker (VCB) at the SPS IPC Drives Italy 2019, the leading Italian trade fair for smart, digital and flexible manufacturing, which took place in Parma, northern Italy, from May 29 to May 30.
LSIS’s automation and power businesses jointly participated in the trade fair and showcased each sector’s total solutions.
The SPS IPC Drives Italy, a spin-off of the SPS IPC Drives, the world’s biggest automation system trade fair being held in Nuremberg, Germany, attracts more than 1,000 corporate exhibitors and more than 100,000 spectators yearly.
Spectators and customers at the LSIS pavilion were given the chance to take a glance at four themes – drive, automation, power, and power/automation integration solutions. In particular, it was the first time LSIS’s automation and power businesses jointly participated in an automation exhibition. Each business showcased new and strategic products as well as integrated solutions the two businesses can create synergetic effects.