KEPCO secures PF for a 60MW PV project in Guam

Korean mega utility KEPCO secured a USD 200 million project financing agreement for a 60MW PV project in Guam. Lenders include Mizuho Bank of Japan and KDB Bank. The project aims to build a 60MW PV facility as well as a 32MW ESS in Mangilao, KEPCO explained. The construction will be completed in December 2021 for immediate commercial operation. KEPCO further elaborated that Guam Power Authority already signed 25-year PPA for the project. KEPCO expects the project will eventually give the company around USD 340 million of revenue during the 25 years.

Source: KEPCO

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