Solar EPC

Hyosung Heavy Industries has worked on various projects in the design, engineering, and construction of solar energy EPC for about 10 years since the construction of the Samryangjin Solar Power Plant in 2007, and has provided customers with great value. Hyosung Heavy Industries is not limited to the supply of solar power plants for design, purchase and construction, but also provides a financial complex business model using project financing to maximize customer satisfaction through business analysis, consulting, and licensing support.

Features and Benefits

Compactness: Hyosung Heavy Industries will enhance its credibility for its long-term facilities through direct management using its extensive experience and know-how as a leader in the nation's power industry.
Business with users: From the initial development, we now have a system in which we can engage with our customers by assessing business feasibility through structured simulation and by providing them with data to objectively assess business feasibility.
Financing arrangement: We support the solar energy business through project financing or facility mortgage financing through our affiliated financial institutions.
A major equipment producer: As a producer of major equipment such as solar inverter and transformer facilities, continuous technical support is provided during the operation of the customer's power plant.
Various construction performance: Quality is recognized through performance of over 100MW in Europe and Asia including Africa.
Possessing a plant management operation system based on their own operational know-how: Through the operation of self-controlled power plants, we are making continuous innovations in the management operation of solar power plants.

Business Area

Ground Solar System

Ground Solar System

Flatlands and mountainous areas

Structures are fixed on the ground.

Characteristics

The most common type of solar generation.

Available for large-scale construction.

Track Records

Samryangjin 3MW Solar Power Plant, Romania 115MW Solar Power Plant, Mozambique Standalone Solar Power Plant, and Goheungman 25.5MW Solar Power Plant
Rooftop Solar System

Installation Location

Rooftop of buildings and facilities including parking spaces.

Characteristics

Generates power by utilizing idle areas.

The lower part can be utilized for various uses.

Structural simplicity reduces construction costs(limited to certain types).

Track Records

Developing PJT
Floating Solar System

Installation Location

Typically floated on the water surface of reservoirs or dams.

Characteristics

Generates power by utilizing idle areas of water surfaces.

Provides increased power generation based on the surface environment.

Track Records

Developing PJT
Efficiency improvement

Scope of Application

Plants suffering from lowered output due to obsolete equipment.

Characteristics

Enhances output by analyzing and improving equipment.

Track Records

Yeongju Solar Photovoltaic Entity Project

Stages of Solar EPC Project

Identify project and review requirements
- Identify project
- Sign land lease
- Check grid status
- Obtain approval for development
- Sign EPC contract (warranty terms)
Sign REC contract
- Selected plant subject to REC obligation
- Sign REC contract
Select financial institution and conduct negotiations
- Select financial institution
- Conduct due diligence of financial institution
- Analyze profitability
- Negotiate financial conditions(Term Sheet)
Construct solar plant
- Civil engineering
- Structural work
- Electrical work
- Electrical room work
- Monitoring system
- Completion
Follow-up
- Sign and execute O&M contract
- Repay funds

Reference

Main Delivery Countries

Key Delivery Performance

2017, Okayama, Japan, 34MW
2015, Mozambique, 1.35MW
2013, Romania, 115MW
2012, Italy, 3MW
2018, Wonju Sigma 3, 2.4MW
2018, Boryeong Daechang, 2.5MW
2016, Yeongwol Sigma 2, 1.8MW
2015, Goheungman, 25.5 MW

Download

Solar EPC Catalog