Eurus Energy group has specialized in the development of the wind power generation business since it was
established in 2002, and at this time, it has entered the photovoltaic power generation field,
which is a clean and inexhaustible energy source, in the same way as wind power generation.
As the first step in this business, Eurus will construct a photovoltaic power generation station with
an output of 1MW in Jeollabuk-do in Korea, with commercial operation scheduled to start in June 2008.
1. Background of Entrance into Photovoltaic Power Generation Field
Eurus Energy group was one of the first to see the potential of wind power energy as a solution for
addressing global environmental problems and the common worldwide issue of preserving fossil energy resources,
and has dedicated itself to the wind power generation business since it has been established with a
global development plan including facilities in Japan, the United States and Europe.
As a pioneer in the field of wind power generation, Eurus currently operate plants in six countries with
a total capacity of 1,336MW (352MW in Asia, 344MW in the United States and 640MW in Europe).
The field of photovoltaic power generation has shown nearly the same growth potential as wind power generation
in recent years, and entrance into this business is extremely similar to the wind power generation field,
from the selection of candidate sites to the construction and operation of power stations.
Eurs Energy group made the judgment that it could utilize the experience and know-how that it has acquired
in the wind power generation business and apply it to the photovoltaic power generation business.
In addition, the Korean government has established a goal of procuring 5% renewable energy out of it
total power generation consumption by the year 2011, with respective targets of 1,700MW for wind power energy
and 1,000MW for photovoltaic power energy. In line with this policy, the government has come out
with various support policies.
In order to facilitate the serious development of the photovoltaic power generation business in Korea,
our group has established the Eurus Energy Korea Corporation (Seoul) as an overseas subsidiary company.
In addition to constructing the largest wind power generation plant in Gangwon-do, in the northeast
of South Korea, we are pursing an aggressive development program in other locations in the country.
At the same time, there is a favorable environment for the photovoltaic power generation business,
and we have conducted various surveys at a number of promising sites.
This has resulted in the decision to proceed with the photovoltaic power generation business in Sunchang-gun,
Jeollabuk-do, Korea, which is one of the areas with the highest volume of photovoltaic radiation throughout
the year in Korea.
2. Outline of Business
- Power Generation Capacity
- 1MW (Photovoltaic power cell modules made by Mitsubishi Electric)
- Location
- Sunchang-gun, Jeollabuk-do, Korea
- Plant Area
- Approx. 29,000 m²
- Start of Operation
- June 2008
- Operating Body
- South West Solar Power Corp. / Gwangju Metropolitan City, Korea (100% subsidiary of Eurus Energy Japan)
- Purchaser
- Korea Power Exchange
3. Future Prospects
Since the utilization of renewable energy will decrease the dependence on fossil fuels, help control
the worldwide problem of global warming and contribute to sustainable economic development,
high expectations have been placed on this business because of the social contributions it will make.
By focusing on the steady promotion of this project, Eurus Energy group will endeavor to further enhance
its corporate value based on our corporate philosophy of "Helping preserve the global environment through
the promulgation and expansion of clean energy."
Three wind farms being constructed under a joint project between Acciona Group, a major engineering and
construction group in Spain, and Eurus Energy Group, is scheduled for commissioning toward the end of
April 2008 to provide an additional output of 87.1MW, increasing Eurus Group's installed capacity of wind
turbines to 519MW in Spain and approximately 1,470MW in the world.
In Spain, the harnessing of renewable energy has been promoted actively as part of the measures against
global warming, and it is planned to cover 12% of primary energy demand with renewable energy by the year 2010.
In support of this, it has already been determined to install 20,000MW of windfarms by 2010
(as against approx. 15,000MW(*) of windfarms installed as of the end of 2007).
Eurus Energy Group is committed to developing blue-chip projects with focus on Spain as one of the most
important markets.
*) Source: Windpower Monthly
Project Overviews
Eurus Energy Group completed the Noheji Wind Farm at Noheji-machi, Kamikita-gun, Aomori Prefecture,
and today put it into commercial operation. This wind farm has a total output capacity of 50MW,
ranked the largest among the wind farms available in Aomori and one of the largest in Japan.
The Noheji Wind Farm is installed with 25 units of wind turbine generator, each rated at 2MW.
All these units are imported from Gamesa Eolica (Spain). The height of the tower is about 78 meters
the turbine impeller blades have a radius of about 40 meters, and their tips peak as high as about 118
meters above the ground. The twenty-five wind turbines are installed on an area of 400 ha within the stock farm.
The site stretches along Mutsu Bay between the Shimokita Peninsula and the Natsudomari Peninsula.
All of electricity generated by the Noheji Wind Farm will be sold to Tohoku Electric Power Co., Inc.
Upon completion of the Noheji Wind Farm, the installed capacity of wind power plants constructed in
Japan by Eurus Energy Group has reached 300MW.
Eurus Energy Group is firmly committed to developing wind farms that serve as a clean yet sustainable
source of power supply without emission of greenhouse gas (CO2).