|▲ Twins Solar / CEO Kiseung Ban|
Shifting from polluting fossil fuel to clean eco-friendly energy is but the needs of the times. And the keyword of clean eco-friendly energy is ‘new renewable energy’ at least in South Korea if not others. The government has announced to increase the percentage by 20% until 2030 pointing solar energy as most plausible. Among soon-to-retires, solar power in fact is received as a good source of income after retirement as proved by increasing number of service providers.
The new renewable energy market in South Korea is sharing around 7% of the pie. The government targets to increase it to 20% by 2030 and people in general seem to take this as an opportunity to secure a good addition to their pension as the government guarantees buying their energy. In other words, people can sell their energy to public institutions such as the Korea District Heating Corporation and POSCO Energy, etc. The earnings rate currently is around yearly 10%.
A solar energy plant can last 25 years and 30 years at maximum. But not all plants live the years if they are poorly built and managed. This is the reason soon-to-get-on-the-wagon are looking an experienced plant builder. A good plant builder should have all-in-one system that covers from obtaining license and building to after care professionally. And Twins Solar headquartered in Daejeon is one of the highly sought after in this regard.
Twins Solar builds and parcels out 70% and runs 30% on their own. The company is famous for only using certified modules and inverters as well as attention to detail after care services. CEO Kiseung Ban says:
“Solar energy is one of the most promising businesses in South Korea at the moment. Our job is to build plants with professionalism and to reinvest in order to create virtuous cycles in the field. We have a great sense of responsibility and we are proud of our professionalism.”
“Twins Solar was established in 2017 but we are expecting $8.6 million sales at the end of this year. We not only have experienced industry specialists but also run a complaint respond team to promptly and effectively deal with all possible and ongoing problems during and after building a plant. In addition, we offer loans so that our clients can pay in installment.”
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