[Solar: South Korea to break ground on 400MW Haenam solar complex]
South Korea will hold a groundbreaking ceremony on Aug. 7 for the 400MW Haenam solar complex, the country’s largest solar project to date. Located in southern South Korea, the project will be built on around 4.79 million square meters of idle land, including reclaimed saline land, and is expected to be completed in 2028. Once operational, it will generate about 529GWh of electricity annually, equivalent to the consumption of around 130,000 Korean households, and supply companies and industrial complexes with 100% renewable energy targets. The project will use domestically produced modules, cells and inverters, with Hanwha QCells selected to supply cells and modules. It will also include a resident participation and profit-sharing mechanism, returning around KRW 150 billion in generation profits to the local community over the project period.