Equis, South Korea, Solar Energy

Equis, South Korea

Equis buys South Korean solar, battery storage project, eyes US$2b in investments

Equis buys South Korean solar, battery storage project, eyes US$2b in investments

30/3/2020 7:15:00 AM

Equis buys South Korea n solar, battery storage project, eyes US$2b in investments

RENEWABLE energy and waste infrastructure developer Equis Development has acquired a solar project in South Korea comprising a US$50 million 22MW (megawatts) solar generation project, and a 70MWh (megawatt hours) battery storage system. Read more at The Business Times.

RENEWABLE energy and waste infrastructure developer Equis Development has acquired a solar project in South Korea comprising a US$50 million 22MW (megawatts) solar generation project, and a 70MWh (megawatt hours) battery storage system.The firm, which is wholly owned by Singapore-based investment firm Equis Funds Group (Equis), said that it expects to invest up to US$2 billion over the next three years in South Korea.

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Construction for the project will commence in April and operations are forecast to start in September 2020, Equis said on Monday.The project, named Jara 1 Solar Project, is located in Sinan municipality, South Jeolla province, and will generate more than 200 jobs.

Read more: The Business Times »

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