YIDO, a leading clean tech company, is collaborating with Summit Energy Alliance (SEAL), a renewable energy investment specialized company, to launch a next-generation solar project.
This partnership aligns with projects that attract global investors, focusing on carbon reduction infrastructure, long-term Power Purchase Agreements (PPA), and the trend of energy digitalization. In particular, it is expected to create a differentiated structure that can secure sources of revenue by combining stable power supply for RE100 corporations with carbon credit transactions.
YIDO announced on the 25th that it will jointly pursue a 70-megawatt (MW) solar power generation development project in a saline farmland in Dangjin with SEAL's subsidiary, Haewaram. The 70MW solar power plant is expected to produce approximately 90,000 megawatt-hours (MWh) of electricity annually. According to a YIDO official, this could enable a carbon reduction of approximately 43,000 tons (t) each year, which is equivalent to planting about 2 million trees.
YIDO and SEAL plan to jointly develop an additional 130MW solar power plant in the vicinity of Dangjin and other domestic and international areas.
Through this project, YIDO will officially expand its renewable energy sector. It plans to present a future-oriented renewable energy model by integrating ▲high-efficiency solar new technology ▲battery energy storage systems (BESS) ▲digital twin technology and artificial intelligence (AI)-based operation and management (O&M). It will aim to create a symbolic project that secures both revenue and stability.
YIDO plans to strengthen its position as a clean tech company based on this project while focusing its capabilities on core businesses. By securing cash liquidity through the sale of non-core quality assets (such as golf courses and hotels), it aims to enhance its corporate value and expedite its initial public offering (IPO).
It is also reviewing entry into overseas markets through the expansion of global partnerships. YIDO CEO Junghun Choi noted, "Global financial markets are now demanding both carbon reduction effects and stable infrastructure revenue beyond simple power generation profits," and added, "We will provide sustainable growth potential and stable profitability to investors in line with global investment trends."
SEAL CEO Bang Hee-seok stated, "YIDO is the optimal partner, having proven excellent execution and sustainability in the domestic environmental infrastructure sector," and remarked, "Through this joint development, we will achieve tangible carbon reduction results while presenting a model for renewable energy development that combines stability and scalability for investors."