[Photo provided by LG Electronics Inc.]
South Korea’s LG Electronics recently provided solar power modules to a new solar system powering the Los Angeles Lakers’ headquarters at the UCLA Health Training Center in El Segundo, California as it looks beyond revenue base beyond white goods in the global market.
The system is made up of 456 of the company’s high efficiency NeON 2 panels. The LA Lakers set up the new 171 kW solar installation at the training center, a project expected to provide the site with 246,000 kWh of electricity each year. The capacity is enough to power some 700 households a month.
The solar power system is predicted to save the facility around $38,000 each year, equivalent to a rate of $0.16/kWh, which Vaha Energys, the U.S. installer of the system, says would pay back installation costs in four years.
LG Electronics, a very new player in the PV module market, aims to increase its presence in the sector by focusing on high-efficiency products.
The company’s PV business has been led by a B2B division established late last year.
By Chun Kyung-woon and Minu Kim
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