We consulted on a transaction in which a special purpose entity acquired about 50 solar power plants (total capacity of 36.5MW) and sold the electricity generated from the solar power plants to the private sector through direct power trading.

Most of the existing photovoltaic power generation projects were RPS (Renewable Portfolio Standard) projects, in which solar power plants were built with funds raised through loans from financial institutions, supply certificates were sold to public power generation companies, and then electricity was sold to the Korea Power Exchange. However, recently, a direct electricity trading method was introduced, in which renewable energy power is sold to private companies through private renewable energy suppliers instead of through the Korea Power Exchange, and the buyers fulfill the RE100.

We provided advice on the PF agreement as well as the overall agreements related to this project, including the power trading agreement between SK Eternix and the special purpose entity, the direct power trading agreement between the SK Eternix and the electricity user, and the asset transfer agreement for the acquisition of assets such as the solar power plant of the special purpose entity.

In a situation where electricity consumers are actively pursuing the purchase of renewable energy power mainly by large corporations to implement the RE100 standards, we successfully carried out the overall business advisory work from the conception to the conclusion of the business structure that reflects the uniqueness of direct renewable energy power transactions.