BK Energy wins first African solar EPC business for small and medium-sized enterprises in South Korea

BK Energy (President Lee Haeng-woo) won the first African solar EPC (Design, Procurement, and Construction) project as a Korean small and medium-sized company.

BK Energy announced on the 17th that it has signed an MOU with a German renewable energy giant at GAIA, a Moroccan local company that is jointly developing solar and wind power generation in 10 African countries.

According to BK Energy, the agreement was made the day before when "GAIA" was mentoring, and "the EPC contract for a project that can promote the project immediately was proposed, as it has received a 20MW (EPC project cost of 20 billion won) license from local financial institutions and has completed PF."

A BK Energy official explained, "Not only will it help the national economy, which is struggling with a trade deficit by winning the first solar EPC business in Korea, but also the small and medium-sized Korean companies, which are not low-priced Chinese companies, have opened the door to exports of solar power to Africa with their technological prowess in Africa, where the potential for development of new and renewable energy is endless."

Meanwhile, Morocco, located in the northwest of Africa, is a country bordering the Mediterranean Sea to the northeast and the Atlantic Ocean to the northwest and west, and is only 30km away from Spain, a European country, and is also a gateway to Africa.

Recently, China is fully investing, and Chinese companies are also actively entering Morocco, with Chinese conglomerate Huawei deploying a large number of employees across the country.

Above all, Morocco, which has vast and flat land and abundant sunlight and wind power, has many advantages for renewable energy, so the government is working on many projects in wind, solar, solar, and geothermal fields, and plans to cover up to 40% of its total electricity production by 2030.

As a result, joint development projects with local renewable energy companies to produce green hydrogen in Morocco are also rapidly increasing, and the Korean government is also paying attention to the fact that Morocco is rapidly emerging as a forward base for European hydrogen exports.

In fact, the Ministry of Trade, Industry and Energy decided to invest KRW 1.72 billion from July last year to December 2024, and the Korea Institute of Technology and Electrical and Electronic Testing (KTC) and the Korea Electronics Technology Institute (KETI) as joint performance agencies for Morocco's ODA project.

BK Energy, which has received new technology (NET) from the Ministry of Industry for developing "technology that increases water solar power generation efficiency by more than 15%" and has a patented technology that increases power generation efficiency by more than 5% by preserving solar panels cleanly from air pollutants by developing hydrophilic inorganic nano-coating technology, is participating as an expert group.

Source: Han River Times (http://www.hg-times.com ) Reporter Lee Young-ho 2023.03.17. 16:10

BK Energy wins order for 20MW solar power EPC project in Morocco

BK Energy (President Lee Haeng-woo) announced on the 20th that it has signed a 20-㎿ roof solar EPC (design, procurement, and construction) contract with a local Moroccan company, GAIA.

The project has completed licensing and financing through project financing (PF), and BK Energy can be used for construction immediately. The total cost of the project is 20 billion won approx.

BK Energy was selected for the project because it proved its business feasibility and quality through patented technology that can preserve solar panels from air pollutants and increase power generation efficiency. Based on this, BK Energy has also obtained a new technology (NET) certification for water-based solar power generation efficiency technology while serving as an expert group at the Ministry of Trade, Industry and Energy.

The project was carried out during the "ODA for Difficulties and Technology Guidance in Developing Countries" worth 1.7 billion won, which has been underway in Morocco since the end of last year by the Ministry of Industry. BK Energy participated in technical guidance in the field of solar energy facilities and was offered the project while conducting a mentoring program with a local business company, Gaia.

Morocco has established a plan to cover 40% of its total electricity production with renewable energy by 2030. In recent years, it is also playing a role as a base for hydrogen exports to replace Russian natural gas demand.

An official from BK Energy said, "We are happy to open the door to African solar energy exports with the technology of small and medium-sized companies."

Source: Korea Economic Daily (www.dnews.co.kr ) Reporter Kim Jinhoo 2023-03-2005:00:28