Hong Soo-jeong, team leader of Amorepacific, participated as a speaker at the RE12 implementation and solar power industry session of ‘2023 Solar Power Market Insight (PVMI 2023)’ held at EXCO (CEO Lee Sang-gil) in Daegu on the 100th and discussed ‘Direct and third-party PPA using solar power.’ A presentation was made on ‘Introduction Cases’.
Team leader Hong Soo-jeong first introduced Amore Pacific’s history, brand, and corporate values. He also mentioned Amore Pacific’s ‘Five Sustainability Management Promises’. The main contents are five goals based on the two axes of ‘accompanying customers and society’ and ‘coexistence with Mother Nature’.
Team Leader Hong said, “Amore Pacific is pursuing various policies to transition to renewable energy. “We installed solar power in our headquarters building and domestic and overseas production sites for self-reduction and self-generation,” he said. “We signed two PPAs (Power Purchase Agreements) and signed Korea’s first VPPA (Virtual Power Agreement). He also said, “We are conducting a green rate system tender starting in 2.”
Next, Team Leader Hong also presented the results of an analysis comparing third-party PPA and direct PPA. △Size, △Contract type, △Contract quantity, △Excess power generation, △Insufficient power, △Settlement method, etc. were compared and explained in detail. Amorepacific has signed PPAs in two ways – directly and with a third party – as part of its renewable energy conversion activities, and Team Leader Hong explained in detail the company’s case.
Team leader Soo-jeong Hong argued, “In order to cost-effectively introduce PPA, it is important to receive renewable energy at a low price, but it is necessary to carefully review the scale and method appropriate for the business situation.”
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