Core Insights - The signing of the Power Purchase Agreement (PPA) for the 21MW photovoltaic project marks a significant milestone for the company as it is its first global RE100 certified project, enhancing revenue certainty and stability compared to ordinary green electricity transactions [1][2] Group 1: Project Details - The PPA was signed with Hyundai Engineering Group, a leading construction company in South Korea, with a project capacity of 21MW located in Pyeongchang-gun, Gangwon-do, expected to achieve commercial operation by 2026 [2] - The 30-year agreement locks in cash flow from electricity sales, mitigating risks associated with price fluctuations and enhancing income certainty [2] - The project is anticipated to yield higher returns than domestic projects due to higher photovoltaic electricity prices in South Korea and the RE100 premium [2] Group 2: Strategic Implications - This collaboration represents a key breakthrough in the company's international green electricity strategy, opening access to high-end customers in South Korea, a market with strong RE100 demand [2] - The partnership is expected to facilitate the company's transition from a resource developer to a green electricity service provider, aligning with global ESG investment trends and potentially attracting long-term overseas capital [2] - The project serves as a strategic stepping stone for the company, indicating a shift towards providing green energy solutions rather than merely developing power stations [2]
国元国际：协合新能源(00182)签署韩国光伏PPA协议 利好ESG估值溢价