Renewable Energy Renova Korea, Philosophy of Coexistence and Co-Prosperity Seeking Sustainability with Local Communities
It is expected to approve the first offshore wind power generation business license in the first half of this year
A wind farm built by Renova Renewable Energy in Vietnam.
'Resident acceptability' is a topic that ranks first or second among the most difficult parts of promoting wind power development.
Among the wind power plants being developed in Korea, there are many cases where the power generation business license has been suspended or the construction start has been delayed due to the failure to resolve the acceptability issue. of people.
In this regard, the development companies are trying to improve the acceptability of the residents by forming a resident council right from the start of the project, but the reality is that it is not easy.
This is the prominent reason in the business development philosophy of Renova Renewable Energy Korea (Branch Manager Ji-Hong Kim).
Renova, incorporated in Japan in May 2000, was first listed on the Japan Stock Exchange (Tokyo Stock Exchange, Part 1) in February 2018 as a company. pure renewable energy development company.
With the development, investment, operation and production of electricity and trading in renewable energy power plants as its core business, the company is expanding its business into Asian regions such as Singapore in 2019, South Korea in 2020 and Ho Chi Minh City in 2021.
Lenovo prioritizes the consent of local stakeholders on the project.
At the 2nd P4G Summit held last June, CEO Yosuke Kiminami also explained the company's development system and its commitment to energy generation projects. new and renewable focusing on coexistence and co-prosperity with the region.
From the early stages of business development, there have been cases of visiting the development site more than 100 times to communicate with the local seafood industry and local people, and in some cases, more than 40 briefings was organized with local people and stakeholders.
Through this, we proposed and discussed long-term mutually beneficial sustainability plans with local stakeholders and promoted the creation of artificial reefs, employing fisherman staff. local businesses to maintain turbines, and create decent jobs to revitalize the local economy to benefit - win partnerships with residents.
In July 2020, Korea invested shares in wind power offshore Chodo and is developing an offshore wind farm in the Chodo area along with South Korea and Japan.
In November 2018, Renova completed the consultation of the residents of Daedong-ri, Chodo, and consultation on profit sharing.
It is expected that the power plant business license will be approved in the first half of this year, and there are plans to expand the offshore wind farm to 1GW in the future.
Lenovo has a proven track record and experts in the development of several projects.
900 MW+ solar and biomass assets are currently in operation or under construction and have a development pipeline of 1.8 GW+. It is also developing solar, biomass, offshore and onshore wind and geothermal.
Including Japan's second largest solar power plant, operating 400 MW + biomass, and building 360 MW + solar, biomass and geothermal power plants.
In addition, it has an in-house engineering team of about 40 experienced engineering professionals, along with a project team led by technical, construction, financial, tax and legal experts.
Close relationships with financial institutions are also considered a competitive advantage.
Renova has a project financial performance of around $3.5 billion and has issued about $131 million worth of Green Bonds with the highest rating from JCR, a Japanese credit rating agency.
Kim Ji-hong, head of Renova Renewable Energy Korea, said: “Lenova is a leading global company in Asia with rich financial strength and experience. I want to do that.
