Shihwa Lake Solar PV Park is a 102.5MW solar PV power project. It is planned in Gyeonggi, South Korea. The project is currently in announced stage. It will be developed in single phase. The project construction is likely to commence in 2022 and is expected to enter into commercial operation in 2025.

Project Type Total Capacity (MW) Active Capacity (MW) Pipeline Capacity (MW) Project Status Project Location Project Developer
Solar PV 102.5 – 102.5 Announced Gyeonggi, South Korea Korea Western Power

Description

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The project is being developed by Korea Western Power.

Shihwa Lake Solar PV Park is a floating solar project.

The project is expected to supply enough clean energy to power 35,000 households. The project cost is expected to be around $114.252m.

Development Status

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The project construction is expected to commence from 2022. Subsequent to that it will enter into commercial operation by 2025.

About Korea Western Power

Korea Western Power Co., Ltd. (KOWEPO), a subsidiary of Korea Electric Power Corporation (KEPCO), develops electricity resources, and generates and supplies electricity. The company’s power generation portfolio includes Taen, Pyeongtaek, Seoincheon, and Gunsan power complexes consisting of thermal, hydro, solar and combined cycle power plants; and solar power plants at Samrangjin, Sejong City and Gyeonggi. KOWEPO is headquartered in Seoul, Korea.

Methodology

All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.