LS ELECTRIC and Korea Midland Power sign renewable energy cooperation pact

  • LS ELECTRIC and Korea Midland Power signed a strategic renewable energy business agreement.
  • Onshore wind comes first, followed by solar power and battery energy storage systems.
  • Cooperation covers development, investment, EPC, equipment supply and power plant operations.

LS ELECTRIC and Korea Midland Power have signed a strategic business agreement covering the full lifecycle of domestic renewable energy projects, from development and investment through construction, equipment supply and plant operations. The companies will initially focus on onshore wind before expanding cooperation to solar energy and battery energy storage systems (BESS). The framework includes joint project discovery and development, financial and investment linkages, engineering, procurement and construction (EPC), stable supplies of key equipment such as transformers, and power plant operations. LS ELECTRIC's participation in EPC work and priority use of its equipment will be considered for jointly developed projects, while its core equipment will receive top-priority supply status for projects independently pursued by Korea Midland Power. The signing ceremony on the 9th was attended by Park Woo-bum, Executive Vice President and Head of LS Electric's EA Business Division, and Kim Jae-sik, Head of Korea Midland Power's Renewable Energy Business Division. Korea Midland Power President Lee Young-jo said the companies would pursue tangible results and expand competitive renewable energy projects to support the nation's energy transition.

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