YIDO, Accelerates Solar Project with Global Investors

[Financial News] YIDO (YIDO), which is strengthening its position as a leading cleantech company, announced on the 25th that it is officially promoting a next-generation solar project in partnership with Summit Energy Alliance (SEAL), a renewable energy investment specialist.
This partnership aligns with projects that global investors are recently focusing on, such as carbon reduction infrastructure projects, long-term power purchase agreements (PPA), and energy digitalization trends. In particular, it is expected to be a differentiated structure that can secure revenue sources by combining stable power supply and carbon credit trading for RE100 companies.
First, YIDO will jointly promote the solar power development project on salt-damaged farmland in Dangjin, Chungnam, with Haewaram, a subsidiary of SEAL. The 70MW solar power plant is expected to produce about 90,000 MWh of electricity annually and reduce about 43,000 tons of carbon each year. This is similar to planting about 2 million trees.
Additionally, YIDO and SEAL plan to promote additional solar power joint development in the Dangjin area with 130MW, as well as in other domestic and international regions.
Through this project, YIDO plans to fully expand in the renewable energy sector while presenting a future-oriented renewable energy model that goes beyond simple generation by combining △high-efficiency solar new technology △BESS (Battery Energy Storage System) △digital twin technology and AI-based operation management (O&M), making it a symbolic project where profitability and stability are secured.
YIDO especially plans to strengthen its position as a cleantech company from this project while focusing its capabilities on core businesses. To this end, it plans to increase corporate value by securing cash liquidity through the sale of non-core quality assets (golf courses, hotels, etc.) and accelerate its IPO.
Furthermore, it is also considering entering overseas markets through expanded global partnerships.
Choi Jung-hoon, CEO of YIDO, said, "The global financial market now demands not only simple generation profits but also carbon reduction effects and stable infrastructure profits," adding, "We will provide sustainable growth potential and stable profitability to investors in line with these global investment trends."
Bang Hee-seok, CEO of SEAL, emphasized, "YIDO is the optimal partner that has proven excellent execution and sustainability in the domestic environmental infrastructure field," adding, "Through this joint development, we will present an exemplary model of renewable energy development that combines stability and scalability while achieving substantial carbon reduction results for investors."

ming@fnnews.com Jeon Min-kyung Reporter