Archive · 1 Jul 2025
TotalEnergies, Daehwa Pharma Partner on Solar Project in South Korea
TotalEnergies, an energy company, is partnering with Daehwa Pharmaceutical in South Korea to put solar panels on the pharmaceutical company's factory.
TotalEnergies will pay for, set up, and manage the solar panels, which will create clean energy.
The solar panels should produce enough electricity to cover about a fifth of the factory's needs.
This is expected to cut down on carbon emissions.
The project should start in late 2025.
TotalEnergies signed an agreement with Daehwa Pharmaceutical in South Korea.
The agreement is for a 1.8 MWp solar PV system at Daehwa's production site.
TotalEnergies will invest in, install, operate, and maintain the solar PV system.
The system is expected to generate ~2,300 MWh annually, covering ~20% of Daehwa's needs.
The project is anticipated to begin commercial operations in the second half of 2025.
- Who
- TotalEnergies and Daehwa Pharmaceutical Co., Ltd.
- What
- TotalEnergies and Daehwa Pharmaceutical signed a solar power agreement.
- When
- Commercial operations are expected to begin in the second half of 2025.
- Where
- Hoengseong-gun, Gangwon-do, South Korea.
- Why
- To reduce carbon emissions and promote sustainable energy transition.
- Agreement Type
- Solar Power Operating Lease
- Solar Capacity
- 1.8 MWp
- Electricity Generation
- ~2,300 MWh annually
- CO2 Emissions Avoidance
- ~1,000 tons annually
- Daehwa Consumption Coverage
- ~20%