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Sweden Stavro Wind Power Project

Project Overview

The Stavro Wind Power Project is a 254.2MW (4.1MW × 62 turbines) wind farm developed and operated in Vasternorrland County, Sweden. The project is designed to secure a stable operating renewable asset and to strengthen KOMIPO’s track record in the European renewable market through long-term operation after commercial start. KOMIPO has also signed PPAs with Google and Holmen and plans to supply a total of 254MW for 10 years.

U.S. Elara Solar PV Project (Texas)

Project Overview

Elara Solar is a 130MW solar PV project in Frio County, Texas, covering development, construction, and long-term operation of the plant. Construction was completed in approximately 13 months, and the project is structured for 35 years of operation to secure stable renewable operating assets. Key agreements such as PPAs and EPC selection were executed during project development to establish the commercial operation foundation.

U.S. Concho Valley Solar PV Project (Texas)

Project Overview

Concho Valley Solar is a 160MW solar PV project in the San Angelo area of Texas, covering development, construction, and long-term operation of the plant. Construction was completed in about 14 months, and the project is designed for 40 years of operation after COD to secure stable supply and an operating renewable asset portfolio. EPC management and a dedicated O&M structure were applied to enhance operational stability. (Per your latest update) the PPA performance assurance provider has been changed to BP Corporation North America, and the project is supplying stable electricity in Texas.

Sweden Gubbaberget Wind Power Project

Project Overview

Gubbaberget is a 74.4MW wind project in Gavleborg County, Sweden, covering development, construction, and long-term operation. Construction was executed over approximately 24 months, followed by 30 years of operation to secure stable renewable operating assets. The project is supported by a 10-year PPA with Microsoft covering 70% of generation, enhancing long-term revenue stability.

Indonesia Siborpa Hydropower Project

Project Overview

The Siborpa Hydropower Project is a 114MW (38MW × 3) hydropower development in Tapanuli, North Sumatra, Indonesia. The project owner is PLN (Indonesia’s state-run electricity company) and the project is structured as BOO. Development is underway with an indicative construction schedule from the second half of 2026 to the second half of 2030, targeting long-term stable power supply through commercial operation.

U.S. Lucy Solar PV Project (Development)

Project Overview

Lucy Solar is a 350MW solar PV development project in Concho County, Texas. The project is structured as BOO with 35 years of operation after COD, and is being advanced with participation from KOMIPO, EIP Asset Management, and a tax equity investor structure. Key development milestones such as grid interconnection agreement and major commercial term discussions (EPC/PPA term sheet) are being progressed to move the project toward commercialization.

U.S. Battle Creek Solar PV Project (Development)

Project Overview

Battle Creek Solar is an 84MW solar PV development project in Hill County, Texas. The project is planned as a BOO structure with 35 years of operation after COD, and is being advanced under a joint development framework with KOMIPO, Hyundai E & C, and KIND. Following the joint development MOU, the consortium has been progressing key commercial discussions and development-stage procedures to move the project toward execution.

Electron ESS Business in the United States

Business overview

The U.S. Electron ESS business is the first ESS-based U.S. VPP business of a power group company to enter the rapidly growing ESS market with the continuous development and expansion of various distributed power sources, securing diversification of business areas and future growth engines. It is a joint project with SK E & S, a private Korean company, and will lay the foundation for domestic related companies to enter the U.S. ESS market by utilizing some of the domestic equipment materials. Based on the experience and capabilities accumulated in this project, we plan to actively pursue entry into new markets such as Korea and the United States, as well as Australia and Europe, which are promising VPP and ESS markets.

20 years after completion of the project period
Construction (~'20.11.), Operation ('20.12.~'39.11)
Participating companies SK E & S, SUSI Partners
Capacity 62MW / 346MWh
Location Near Los Angeles, California, USA

Spanish Primera Solar Power

Business overview

It is the first power group company to enter Spain's electricity market, and it is also the first solar business in Central Europe. Spain's Primera Solar Power Project plans to supply 80 MW of electricity for about 30 years. Based on this project, we plan to expand our solar business in Spain, which is particularly rich in insolation, among European businesses.

30 years after completion of the project period
Construction ('19.03~'22.05) and Operation ('22.06~'51.05)
Participating company Blackmead
Capacity 80MW(Guzman:50MW, Toledo:20MW, Campos:10MW)
Location Three regions in Spain (Sebia, Toledo, Murcia)

Wampu Hydropower Plant in Indonesia

Project Overview

Construction & operation of the Wampu Hydropower Plant located in the northern region of Sumatra Island, Indonesia, is a project to supply electric power to the Indonesian state-run power company, PT. PLN, for 30 years after completion of the power plant with a capacity of 45MW (15MW x 3 units). The Wampu Hydropower Plant is a dam and waterway-type eco-friendly generation project that produces electricity after constructing a separate waterway that does not completely block the main waterway unlike existing hydropower plants in the country.

In addition to electricity sales income, KOMIPO secured an annual 240,000 tons worth of CER, as the first such practice among the overseas advance of domestic companies, and received the Indonesian government's payment guarantee for the contract period. In February 2012, a financing contract was concluded with the Korea Eximbank and the plant's commercial operation started in April 2016. It is significant that KOMIPO achieved the first commercial operation of an overseas hydropower generation business among domestic power companies.

Tanggamus Hydropower Plant in Indonesia

Project Overview

Tanggamus Hydropower Plant is a project to construct and operate a hydropower plant with a facility capacity of 55.4MW (27.7MW x 2 units) located in Tanggamus County, State of Lampung, Sumatra Island, with a total investment of US$190 million. As a follow-on project of the Wampu Hydropower Plant presently in commercial operation, KOMIPO will supply an annual heat generation volume of 278.9GWh over 30 years after completion on September 2017. With its dam designed as an intermittent current type, the power plant is characterized as easy to build and its environmental impact also is lower than existing low-head (저류식) dams.

A financial supply contract was concluded with Korea Eximbank and main construction work was commenced in February 2015 for commercial operation to start in September 2017. This eco-friendly power plant is expected to generate annual profits under the Indonesian government's payment guarantee and secure an annual 200,000 tons worth of CER while contributing significantly to resolving the electric power shortage of the State of Lampung.