Malaysia's Sabah State Minister of Trade, Industry and Energy establishes cooperation with Yeosu company BK Energy

Technology exchange following installation of 30GW offshore solar power plant

Discussing plan to produce 10 million tons of green hydrogen annually

Malaysia's Sabah State (MIDE) Minister of Trade, Industry and Energy (Pung Jin-je) and a delegation officially visited the Bongam Reservoir floating solar power plant on the 8th along with BK Energy, a company in Yeosu, Jeollanam-do.

According to BK Energy on the 9th, this visit by the Malaysian Sabah State delegation was prepared for technological exchanges between BK Energy, a Korean company specializing in offshore solar power, and GPhilos, Korea's first hydrogen water electrolysis technology company.

The project being promoted by the Malaysian state of Sabah aims to build 30GW offshore solar power generation facilities in an area called ‘the land below the wind’ and produce 66TWh of clean energy annually.

This is to promote clean energy production by actively utilizing solar energy resources in the Malaysian state of Sabah.

To this end, it will sign business agreements with seven companies, including solar module producers, inverters, and EPC specialists, along with BK Energy, a Yeosu company in Jeollanam-do, and expand investment with 30 companies that have declared Korea's RE100.

The project's estimated investment is 45 trillion won in offshore solar power plants, creating 286,527 jobs, and producing 9.8 trillion won of green energy annually and using this clean energy to produce about 1,000 tons of green hydrogen annually.

BK Energy predicts that this close cooperation with Sabah will play an important role in creating a better future through cooperation in the clean energy field as well as friendly relations between the two countries.

“With this agreement, we expect that Korea and Sabah will be able to overcome the energy crisis facing the world and find sustainable, clean and efficient energy solutions,” said BK Energy President Lee Haeng-woo. He added, “It will act as an important engine for the sustainable development of the energy industry and serve as a catalyst to revitalize Malaysia’s clean energy market and spread Korea’s clean energy technology to the world.”

Source: Namdo Ilbo (http://www.namdonews.com) Reporter Baek Chung-hwa 2023.07.09. 15:34

BK Energy discusses investment in solar power generation with Sabah, Malaysia

Promoting 30GW offshore solar power generation facilities

BK Energy (President Lee Haeng-woo, former Yeosu City Council member) announced on the 9th that it has signed an agreement with the Minister of Industry and delegation of Malaysia's Sabah State (MIDE) to build tens of trillions of offshore solar power facilities.

According to BK Energy, a company specializing in offshore solar energy, the Minister of Industry of Sabah visited the offshore solar power plant in Yangju, Gyeonggi Province, which was completed on the 8th by BK Energy after its engineering, procurement, and construction.

They met with BK Energy and GPhilos (CEO Park Gau-woo), Korea's first hydrogen water electrolysis technology company, and discussed projects such as installing solar power generation facilities in Malaysia.

It is reported that the company is pursuing a project to build 30GW offshore solar power generation facilities and produce 66TWh of clean energy annually in Sabah, Malaysia.

A company official explained that the company signed business agreements with seven companies specializing in solar module production, inverter, and EPC to promote clean energy production and produce green hydrogen by utilizing solar energy resources in Sabah, Malaysia.

It was also added that the company plans to expand investment in the 30 companies that have declared Korea's RE100 in the future.

BK Energy predicted that if the project is properly promoted, the expected investment size for the offshore solar power plant will be 45 trillion won, which will enable the creation of 286,527 jobs and produce 9.8 trillion won of eco-friendly energy annually. It is expected that approximately 1,000 tons of green hydrogen will be produced annually using this clean energy.

In fact, the Malaysian state of Sabah has no typhoon invasion due to climatic conditions, so floating installation in the sea is possible, and due to low wind load, the facility costs of structures and mooring devices can be significantly reduced, which is economically advantageous.

In addition, because the country is located near the equator, its solar power generation capacity is more than twice that of Korea, and the amount of sunlight is good, so it is expected to be able to have a solar power plant that is 1.5 times more efficient than Korea.

"With this agreement, Korea and Sabah are expected to overcome the energy crisis facing the world and find sustainable and efficient energy solutions," said President Lee Haeng-woo.

Source: Newsis (https://www.newsis.com/) Reporter Kim Seok-hoon 2023.07.09. 14:50:36