이 누리집은 대한민국 공식 전자정부 누리집입니다.

한상넷

비즈니스 정보

Biz News Korea(Eng)

Korea’s Multi Asset Global Investments creates $101mn solar power fund

Collected: 2017.12.18

Distributed: 2017.12.19

Source: Go Direct

Multi Asset Global Investments, alternative investment fund operator under South Korean conglomerate Mirae Asset Financial Group, created a 110 billion won ($101 million) fund to invest in floating solar farms, the company said Monday.

The fund will primarily invest in LS Industrial Systems Co.’s floating solar power plant project. Mirae Asset Daewoo Co., the fund manager’s affiliate, is appointed as lead financial advisor.

Floating solar farm refers to an array of photovoltaic panels on a structure that floats on a body of water such as a reservoir. It has gained spotlight in the renewable energy sector as it does not involve removing trees and shrubs to install solar panels.

LS Industrial System is one of Korea’s major electric power systems providers and builder of most floating solar power farms in Korea, according to Multi Asset Global Investments. The company became the first in the industry to make a foray into Japanese solar power market in 2009. In September, it secured a deal to construct and operate 18-megawatt Hanamizuki solar power plant to be built in Ishikawa Prefecture, Japan.

Multi Asset Global Investments is a fund manager that specializes in alternative investments such as venture capital, commodities and real assets. It became part of Mirae Asset Financial Group in 2016.

By Hong Jang-won and Cho Jeehyun

List

Previous: Hyundai Wia to set up smart manufacturing system in its factory

Next: Korea, China to set up mutual certification program for air controlling systems