Korean city Daegu is all set to transform its outdated factory areas into a renewable energy power plant complex.
It has been informed that the solar power plant infrastructure will have a 1.5-gigawatt generation capacity. This amount of generation is sufficient to power around one million households.
For this, the city will be replacing old slate factory roof materials with solar panels.
The southern industrial city of Daegu is located some 240 kilometers southeast of Seoul. It was popular for South Korea's fabric industry in the past decades.
The city authorities informed that they have signed a memorandum of understanding with five partner companies and seven industrial complex management bodies to adopt green energy generation in the old factories.
The statement issued by the city informed that the construction for the project will kick off next year, while the renewable power generation facility will come into operation by the end of 2025.
"We will create Daegu into a leading renewable energy and carbon-neutral city by achieving carbon neutrality and smart digital transformation of factories through an unprecedented private investment project," Daegu Mayor Hong Joon-pyo said in a statement.
It has been reported that the facilities will be developed by three companies including LS Electric, Hanwha Systems, and Hyundai Electric.