Yeongam F1 Circuit Photovoltaic Power Plant CDM project
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The purpose of the Yeongam F1 Circuit Photovoltaic Power Plant CDM project is to supply electricity to KEPCO (Korea Electric Power Company) by generating electricity using photovoltaic technology. The project is under construction at the F1 circuit parking lot in Yeong’am-gun, Jeollanam-do, Republic of Korea.
With a total capacity of approximately 13.296 MW, the photovoltaic power plant generates an annual average of 17,386 MWh of electricity.
Contribution of the project activity to sustainable development
The contributions of project activity towards sustainable development are explained with indicators like contributions to social, economic, environmental, and technological well-being aspects as follows:
Social well-being: The project diversifies sources of electricity generation and serves as a model for photovoltaic power generation utilizing solar energy.
Economic well-being: This project has spurred investment in the region, bringing business and employment benefits. It also improves grid supply, which would not have been possible without this project.
Environmental well-being: By employing solar PV technology, the project displaces fossil fuels, helping to reduce GHG (Greenhouse Gas) emissions and meet the growing electricity demand in the country.
Technological well-being: The project diversifies electricity generation sources and serves as a model PV power plant utilizing solar energy. It contributes to the revitalization of the local energy industry through cooperation with local governments.
For more information on this project, please click here
For more information on the social benefits of the project, please click here
Bank transfer payment for this project is possible from USD 100.00