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Posco ICT seeks to sell power produced via solar panels
By a2016032Published : May 25, 2017 - 11:27
Posco ICT Co., a unit of South Korea's leading steelmaker Posco, said Thursday it plans to generate power from solar panels set up on rooftops of buildings and sell it to the state-run Korea Power Exchange.
The company said the project involves generating small-volume power of around 1 megawatt. Posco ICT plans to install infrastructure at its headquarters and factories, and gradually expand the production capacity.
"We have a bright outlook on the growth, as small-volume generation projects can receive governmental incentives, and the procedures to secure approval for related land use are easier to obtain," a company official said. (Yonhap)
