SunEdison, a global leader in solar electricity power systems has signed an agreement with a South Korean province (Gyeongsangnam-do) to build solar power plants capable of producing 400 megawatts of clean energy.
According to the company, the plants will be located on public lands and building rooftops in Gyeongsangnam-do. The new project will be ready by the end of 2013 and is expected to create about 1,500 jobs in the province.
“This illustrates how this really is a global market, with projects crossing borders both ways,” said Monique Hanis, spokeswoman for the Solar Energy Industries Association in Washington, D.C.
She also said that unlike other developing U.S. projects, which are capable to generate capacities of less than 100 megawatts, the new project is very significant. Another giant U.S. solar project under construction is Westland Solar Park in the San Joaquin Valley of California, projected to have a capacity of 5,000 megawatts.
With the profits from such projects, SunEdison wants to bolster the local economy and encourage other local companies to start constructing solar power plants.