South Korea is already the fourth-largest solar market in Asia.
Recently, Trina Solar was at the Overseas PV Business Promotion Day in Seoul (21 March). We will also be at the International Green Energy Exposition in the southeastern city of Daegu (3-5 April).
Trina Solar has already supplied over 200MW of photovoltaic projects across South Korea.
“Our relationship with South Korea goes back more than a decade. Aside from providing solar solutions, we work closely with Korean firms such as Samsung and leading solar materials manufacturer, OCI, in our supply chain,” says Ku Jun-Heong, Trina Solar senior sales director for Asia-Pacific and the Middle-East.
“This is a two-way relationship involving regular technical exchanges and cooperation.”
“We view South Korea very positively because it is a country receptive to new technologies. The government also says it is keen to work on environmental sustainability.”
In late-2017, South Korea announced a plan to add 30.8GW of solar capacity by 2030. The energy ministry added that along with other renewables, this will meet 20 percent of the country’s energy needs.
“The government’s Renewable Portfolio Standard (RPS) policy mandates that utility companies produce a certain percentage of their energy from renewable sources. This percentage escalates by one percent each year, rising from five percent renewables contribution now to 10 percent in 2023,” Ku says.
“We and our Korean partners are keen to support this vision with clean, reliable and cost-efficient solar products.”
“As the easiest renewable energy source to deploy, photovoltaic solar plays an essential role in the energy mix. Moreover, there are areas near the southern cities of Daegu and Busan that have strong potential for solar.”
Daegu and Busan, according to solar data provider Solargis, receive levels of irradiance comparable to those of Melbourne and Sydney in Australia. Solargis’ data also shows that the Korean cities have generally cooler climates for the same amount of sunshine, meaning modules can perform even more efficiently.
“Trina Solar is the best choice for commercial and industrial (C&I) solar installations. Our financial backing, product warranties and weather resistance guarantees have scored top international marks for bankability and performance.”
“This is important because it means we provide strong returns for cost-conscious installers such as utility producers. South Korea’s unique citizen cooperatives that own small-scale solar installations also stand to benefit from our products’ superior economics,” Ku adds.
“Trina Solar has worked on solar projects of all sizes and purposes in South Korea. Recently, we installed a 14.5MW ground-mount installation in coastal Taean-gun, Chungcheongnam-do; and a 0.5MW rooftop installation in Yeongdong-gun, Chungcheongbuk-do.”
About Trina Solar
Trina Solar is a world leading and total solutions provider for solar energy. Founded in 1997, Trina Solar develops proprietary smart PV solutions for large power stations as well as commercial and residential solutions, energy storage systems and photovoltaic modules. As the world’s leading provider of integrated solar energy solutions, Trina Solar has also taken the lead in the world of energy IoT (internet of things). It is committed to becoming a global leader in this new and emerging sector. For more information, please visit www.trinasolar.com.
For more information on, please contact:
Mr. LIU Zhen
Regional Marketing Manager, Asia Pacific & Middle East Region
Tel: +65 6808 1111 ext 132
Cell: +65 8368 6789