Peak Energy signs MoU for 50MW Korean rooftop PV portfolio

A 2023 Fitch Solutions Country Risk and Industry Research report predicted that solar PV would be the dominant renewable energy source in South Korea for the next decade. It forecast about 12 GW of new PV capacity by 2032, contributing to 46 GW of total renewable energy capacity, which would be dominated by hydropower.

Gavin Adda, CEO of Peak Energy, said: “Peak Energy is committed to Korea. We currently own and operate one of the largest projects in the country. Peak and its partners are committed to helping the South Korean government achieve its goals, and this agreement is focused on catalyzing the rooftop solar industry. We want to help by introducing global best practices.”

Peak Energy recently signed a deal with Singapore-based data center platform Digital Edge to power its data centers in the Asia-Pacific region with renewable energy projects. The initial plan of 500 MW of solar, wind and energy storage capacity will focus on projects in Japan, Korea, Indonesia, India and the Philippines.

Last December, the company formed a joint venture with Korean clean energy developer TOPINFRA to develop 500 MW of photovoltaic facilities and energy storage assets in Korea.