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Korea Midland Power (KOMIPO) is growing into a global integrated energy company through the continued expansion of its overseas renewable energy business.
KOMIPO announced that on the morning of the 27th (local time) it held a groundbreaking ceremony for the Lucy Solar Power Plant in Concho County, Texas, and began full-scale construction.
According to KOMIPO, this project is its third large-scale solar project in the United States, following the 130MW Elara Solar Project and the 160MW Concho Valley project. Korea Overseas Infrastructure & Urban Development Corporation (KIND), Hyundai Engineering & Construction (Hyundai E&C), and other Korean public institutions and private companies have formed “Team Korea.” Building on a robust financing structure and world-class technical capabilities, they aim to further strengthen their competitiveness in the North American market.
The Lucy Solar Power Plant will have a capacity of 350MW and is scheduled to begin commercial operation in July 2027. Once completed, it will generate about 926GWh of clean electricity annually, enough to supply roughly 260,000 households. The project plans to produce and sell power for 35 years after completion, and, having proven its commercial viability, has secured a stable revenue base by signing global power purchase agreements (PPAs) with leading companies such as Starbucks, Toyota Motor Corporation, and Workday.
In his congratulatory remarks, KOMIPO president Lee Young-jo said, “As a member of the Concho County community, we will communicate closely with local residents and be a company that practices shared prosperity.” He added, “Please make safety the top priority on site and create an accident-free construction site where every worker can take pride in their work.”
This article has been translated by GripLabs Mingo AI.
2026-01-27 15:57:51
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※ This article was translated using AI technology for reader convenience.
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