wiredInUSA April 2018

Solar investment

The utility partnered with the corporate partnership fund, a Korean private equity fund also known as COPA fund, to make the acquisition. “These high quality solar assets are a strategic addition to our renewable energy holdings, and will allow us to further diversify our generation portfolio,” said Mr Bong-soo Ha, executive vice president and chief global business officer, KEPCO.

Silicon Module Super League (SMSL) member Canadian Solar has confirmed the sale to South Korea’s Korea Electric Power Corporation (KEPCO) of part of its PV plant portfolio in California. The SMSL had previously been forced to lower full-year 2017 revenue guidance due to delays in selling a total of 703MWp from six solar power projects in California.

According to the SMSL, the sale is KEPCO’s largest investment in the US solar market.

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wiredInUSA - April 2018