LG CNS said Tuesday it will build a 33MW solar power plant in Japan. The system solution provider and LG Group affiliate said it has won a 130 billion won ($112.1 million) deal to establish the Imaichi solar power plant in the Oita prefecture over the next two years.
"The Imaichi solar power plant project will give us a solid foothold in the Japanese market, where foreign companies have had difficulties reaching," LG CNS Executive Vice President Kim Tae-keuk said. "We will seek more opportunities in the eco-friendly energy business in Japan and continue to expand the solar power generation business worldwide under close cooperation with global partner enterprises."
The company stressed that winning a solar power plant project and independently operating it is considered difficult for a foreign company due to the nation's thorough and complicated authentication process. The company said it has worked with LG Electronics for this project. LG Electronics has provided highly efficient 315W solar power modules to meet the project's requirement that the plant should be able to produce maximum power output per unit area.
The company launched a new division designated for the new energy businesses to push for new business opportunities in this sector both at home and abroad.