Korean company Coway Co. is all set to develop a solar power plant in South Korea.
The company will begin construction of this solar power plant in Paju, Gyeonggi Province.
It will be constructed on the roof of company’s subsidiary iOBED in early 2023.
According to the company, the new plant is estimated to provide an annual capacity of 800 KWh and will play an important role in Coway’s ESG initiatives.
The initiative aims to minimize the negative environmental impacts of the company’s operations and reinforce its sustainability efforts.
“We expect to reduce GHG emissions by 470 tons annually through our new solar power plants,” a Coway official was quoted in a statement. Furthermore, it stated, “This is part of our ESG initiative that we’re dedicated to fulfilling in line with responsibility as an environmentally-friendly company.”
Coway informed that it already operates three solar power plants at its factories and distribution center.
