Daemyung Energy is showing strong performance. This is interpreted as being influenced by the government's announcement to supply approximately 460 billion KRW to businesses installing renewable energy power generation facilities or producing related products.
As of 9:27 AM on the 31st, Daemyung Energy is trading at 29,050 KRW, up 6.61% compared to the previous day.
The Ministry of Trade, Industry and Energy announced the day before that it plans to supply 462.3 billion KRW this year to businesses installing renewable energy power generation facilities or producing related products. Support will be provided up to 50-90% of project costs depending on the target, with a maximum of 50 billion KRW per business, under conditions of up to 5 years grace period and 10 years installment repayment.
There will be a separate detailed project to support companies pursuing 100% renewable energy achievement, and a newly established project to support inverter replacement for grid stabilization in solar power dense areas, which will be prioritized for support.
Daemyung Energy is a company that directly carries out all stages from business development to design, procurement, construction, and operation management based on solar and wind power, the main power sources of renewable energy projects. Its main business is investment in and construction of renewable energy power generation complexes.
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