Energy and climate tech company Enlighten (CEO Youngho Lee) announced on the 5th that it has secured a total of 30 billion won in new investment through its affiliates to expand its rooftop solar power business.
The investment will be used to expand a total of 140MW of solar power facilities utilizing idle rooftops at industrial facilities such as factories and logistics centers. Enlighten will integrate the entire process, from roof acquisition and permitting, contract structure design, financing, construction, and operation, and has enhanced efficiency and management through a digital-based operating system. The investment will be executed through a fund managed by Templeton Hana Asset Management.
With the growing demand for RE100 implementation, electricity cost reductions, and ESG management, especially among large and mid-sized companies, inquiries about solar power installations on factory roofs and other sites are also on the rise. Enlighten is pursuing this facility expansion based on its experience with major corporate projects, including the Lotte Global Logistics Logistics Center (7.6 MW) and Daedong Mobility's Daegu S-Factory (3 MW).
Furthermore, Enlighten plans to expand its PPA (Power Purchase Agreement)-based power supply model, targeting power-intensive industries like data centers, where demand is increasing due to the proliferation of AI, in conjunction with the expansion of rooftop solar power installations. This will allow companies to secure stable access to idle rooftop-based renewable energy and reduce their electricity costs.
CEO Lee Young-ho stated, “As demand for rooftop solar power from companies expands, the importance of securing funding is also growing.” He added, “Through this investment, we will accelerate commercialization and pursue business expansion by consistently executing the entire process from development to operation.”
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