Ulleung Island Energy-independent Island Project

Overview:

• The Ulleung Island Energy-independent Island project is a project under the energy independent island policy of the Korean government.
• The project involves the establishment of an independent energy island in Ulleung Island to replace the entire power of Ulleung Island with renewable energy sources such as solar, wind, geothermal and fuel cells.
• The Korean government and other project participants may make plans to expand energy independent island developments into other islands in South Korea.
• LG CNS is actively participating in the project as the highest standards of ESS (Energy Storage System) and EMS (Energy Management System) are required.
• In the present project the PPA contract between KEPCO and the project special purpose company will govern instead and allow for power purchase independent of KPX. 
• It will be the first energy independent island project in Korea, and may have significant economic impact in Korea’s advancement of implementing a comprehensive system for renewable energy. 

Adam Majeed - Regional editor