SunEdison,the solar energy development subsidiary of MEMC Electronic Materials has recently signed a memorandum of understanding (MoU) withGyeongsangnam-do, a province in southeast Korea to establish solarplants capable of generating 400 megawatts of clean electricity. Thephotovoltaic modules of the plants will be installed on public land andbuilding rooftops in Gyeongsangnam-do.
This new project is being seen as a significant step towards GSND’starget of 15% renewables by 2030. The agreement is also expected tostimulate the local economy by creating more than 1,500 jobs in theprovince. All the solar plants are scheduled for completion in 2013.