KIND

KIND to Begin Super Solar Power Project worth KRW 750 Billion in Texas, U.S

- Investment in a solar power generation project that is four times the size of Yeouido to support Korean companies to develop the U.S. renewable energy market. -

 The Korea Overseas Infrastructure and Urban Development Support Corporation (CEO Kim Bok-hwan, hereinafter KIND) announced on July 10 that it began construction of a 750 billion won super-sized solar power project in the U.S. through "One Team Korea" consisting of public enterprises, private companies, and policy funds.

 This project is to build a 455MWdc solar power plant in the Concho area in central Texas and sell electricity, and is an ultra-large renewable energy project four times the size of Yeouido.

 KIND participated from the development stage of this project and helped it serve as a link to maximize the capabilities of the public and private sectors. In particular, it took more than two years from the acquisition of the business right in 2023 to the start of construction, and when a crisis such as investor change occurred, it decided to invest in subordinated loans through local financing and played a major role in achieving the start of construction work.

 President Kim Bok-hwan said, "The success of the construction of the super-large new and renewable energy project in the developed U.S. market with KIND's support is a feat that has taken One Team Korea's competitiveness to the next level." "KIND, the only foreign investment development agency in Korea, will provide customized support as a central axis for One Team Korea whenever Korean companies experience difficulties in investment development projects."