Korea Zinc signs 20-year solar power deal to cut costs and emissions

  • Korea Zinc signs a 20-year renewable-power contract with Hanwha Shinhan Terawatt Hour
  • 11 gigawatt-hours will be supplied annually from solar plants across three provinces
  • The contract begins in December with prices fixed throughout its term

Korea Zinc will source 11 gigawatt-hours of renewable electricity annually from solar plants in Gangwon State, Gyeonggi Province and North Gyeongsang Province under a 20-year contract with Hanwha Shinhan Terawatt Hour starting in December. The price will remain unchanged throughout the term, helping the company pursue lower medium- to long-term electricity costs while cutting emissions. Korea Zinc holds a 33.3% stake in Hanwha Shinhan Terawatt Hour and operates renewable-energy projects in Australia, including solar and wind assets. It also plans to begin operating SunHQ, a green hydrogen (hydrogen made using renewable electricity) facility, this year and expand renewable-energy use at its Onsan refinery.

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