E1 Partners with Hana Bank to Jointly Develop Low-Carbon Power Generation Projects

Hana Bank Provides Support for Financial Advisory and Fundraising

Koo Dong-hwi, CEO of E1 New Growth Business Division (left), is taking a commemorative photo with Sung Young-soo, Vice President of Hana Bank, at the signing ceremony of the memorandum of understanding for joint development of low-carbon power generation and energy infrastructure business held at the E1 headquarters on the 19th.

[Asia Economy Reporter Oh Hyung-gil] E1 will jointly develop low-carbon power generation projects with Hana Bank.

On the 20th, E1 announced that it signed a memorandum of understanding (MOU) with Hana Bank for the joint development of low-carbon power generation and energy infrastructure projects at E1 headquarters in Yongsan-gu, Seoul, the previous day.

They agreed to actively cooperate in leading the energy business by jointly developing low-carbon power generation projects utilizing LPG, solar power, wind power, fuel cells, and other technologies, as well as LPG and hydrogen infrastructure-related businesses.

Hana Bank plans to actively support project development by providing financial advisory services and funding for projects promoted by E1.

Since completing an 8MW-class solar power plant in Jeongseon-gun, Gangwon-do, in June 2020, E1 has expanded its business area into the renewable energy sector.

An E1 official said, "We are currently constructing a wind power plant in Yeongwol-gun, Gangwon-do, aiming for completion next year," adding, "We plan to further develop renewable energy projects such as fuel cells and actively expand our role as an eco-friendly energy company."