SK Eternix Signs 40MW Solar Power Supply Agreement

SK Eternix announced on June 2 that it has signed a direct power purchase agreement (PPA) for the supply of 40MW of solar renewable energy.

The company with which SK Eternix has signed the PPA is a major Korean corporation implementing RE100 (100% renewable energy use). SK Eternix will supply 40MW of solar power to this company for 25 years from 2028 to 2035. The total supply scale is 203 billion won.

SK Eternix will supply electricity to the end-user through Solarnix 2, a special purpose company established through joint investment with a fund. Solarnix 2 owns 65 small-scale power plants of 3MW or less. SK Eternix has secured power plants with efficient capital, gaining competitiveness in the RE100 market.

Kim Hae-jung, CEO of SK Eternix, said, “This large-scale PPA, following Solarnix 1 in November last year, is the result of preemptively securing solar resources, which are future energy sources.” He added, “We will continue to contribute to enhancing industrial competitiveness of companies and achieving national carbon neutrality based on our active securing of solar resources and differentiated financial structuring capabilities.”

Meanwhile, SK Eternix has a diverse portfolio of new and renewable energy including solar, wind, energy storage systems (ESS), and fuel cells. The company is solidifying its position as a comprehensive eco-friendly energy platform company while actively expanding its power brokerage business area.