Daehan Green Power Appoints New Management "Full-Scale Launch of Global Solar Power Business"

[Asia Economy Reporter Jang Hyowon] Daehan Green Power is forming a new management team and launching an attack on the global solar power market.

Daehan Green Power announced on the 20th that it has appointed new board members, including Oh Kyungwon, Vice Chairman of Growth & Value Development.

Growth & Value, the largest shareholder of automotive parts company CBI, is a management consulting firm that is raising funds to pursue management buyouts, minority stake and mezzanine investments. Recently, Growth & Value, together with CBI, decided to purchase the 30th series convertible bonds (CB) worth 19 billion KRW previously issued by Daehan Green Power, as well as newly issued 32nd series CB worth 10 billion KRW.

Daehan Green Power is focusing on renewable energy businesses. It is currently carrying out about 10 projects. Based on this, Growth & Value plans to further strengthen Daehan Green Power’s renewable energy business capabilities. The company is preparing a foundation for expanding its solar power business along with the reorganization of its wind power business division.

A company official explained, “Daehan Green Power is focusing on ESG management and accelerating the restructuring of its business structure, including renewable energy,” adding, “Especially with the newly formed management team, we will speed up the 10 projects that have received power generation permits through reorganization and reinforcement of the wind power business division.”

He continued, “We are preparing to enter the global solar power business centered on several countries where solar power demand is explosively increasing,” and added, “We plan to fully launch our entry into the global solar power market in the near future.”