[Photo provided by LS Industrial Systems Co.]
LS Industrial Systems Co. (LSIS) announced on Thursday it has kicked off the commercial operation of two megawatt (MW)-level solar power plants in Busan, which would be the first MW-level solar power systems in the largest port city in Korea.
The company said it has built the two plants in partnership with the Busan municipal government that is promoting energy storage system (ESS)-linked solar power generation facilities in the city with the second largest city-dwelling population in the country.
The first plant in Hwamyung-dong consists of 1-MW solar panels and 3-megawatt hour (MWh) ESS. The company and the city expect they can rake in 370 million won ($346,021) in revenue by selling energy to be produced from the plant, which is estimated to generate a total of 1,310 MWh of electricity every year.
The other solar power plant installed inside LSIS’s factory in Busan is fitted with 910-kilowatt solar panels and 2.7-MWh ESS with an annual output of 1,140 MWh.
The company has spent about 3.7 billion won in building each plant.
LSIS and the Busan municipal government plan to build a photovoltaic energy system showroom in the factories to promote the city’s smart-grid project to Busan-based companies that are considering installing roof-mounted solar panels in their business sites.
Suh Byung-soo, mayor of Busan, vowed to add more green energy generating facilities in Busan to obtain a sustainable growth engine and further to make the city cleaner.
By Lee Dong-in and Lee Ha-yeon
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