Singapore-headquartered, Peak Energy, signed a partnership agreement with INUPS, a South Korean energy platform company, to develop rooftop solar projects across South Korea. The partnership focuses on utilizing available rooftop space on residential, commercial, and industrial buildings, given South Korea’s limited land for large-scale solar installations. Initially, the collaboration aims to develop 30 MW of rooftop solar projects, with plans to scale up to over 200 MW. Peak Energy will handle the development, construction, and energy sales through long-term power purchase agreements (PPAs) with corporate customers, while INUPS will manage operations and maintenance. This initiative supports South Korea’s goal to reach net zero by 2050 and aligns with the sustainability targets of Korean and international companies aiming for decarbonization by 2030.
Peak Energy, INUPS to build 30 MW rooftop solar in South Korea
INUPS and Peak Energy’s agreement focuses on rooftop solar development as South Korea aims for net zero emissions by 2050. (Image Source: PRNewswire)
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