CNPLUS said on the 9th that, with the government pushing to mandate rooftop solar at industrial complexes and expand renewable energy, it expects related businesses to enter a growth phase.
Minister Kim Seong-hwan of the Ministry of Climate, Energy and Environment said at a Cabinet meeting on the 6th that the government will push to mandate rooftop solar installation, focusing on newly built factories above a certain size, and aims to achieve ahead of schedule the goal of expanding renewable generation capacity from the current roughly 34 GW to 100 GW.
The government is also pursuing a shift to a renewable-centered power structure by gradually shutting down coal-fired power plants and restructuring generation subsidiaries of Korea Electric Power Corporation.
CNPLUS said it is expanding into renewable energy areas such as solar and wind based on its existing connector and power infrastructure businesses.
The company said it has experience participating in rooftop solar power projects at industrial complexes and has the capability to supply power connection infrastructure, and that it is building cooperative networks in the wind power sector as well. A subsidiary operates rooftop solar power plants.
A CNPLUS official said, "The policy to expand renewable energy could lead not only to more generation facilities but also to structural changes across the power infrastructure," adding, "We plan to broaden business opportunities in solar and wind to strengthen our mid- to long-term growth foundation."