S-Energy is showing strong performance. This is interpreted as being influenced by the news that Korea Western Power has secured a large-scale solar power project in the United Arab Emirates (UAE) with an investment exceeding 1 trillion won.
As of 2:05 PM on the 14th, S-Energy is trading at 1,883 won, up 3.4% compared to the previous day.
According to industry sources, Western Power announced on the same day that the Western Power-EDF-R consortium was selected as the preferred negotiator for the 'UAE Azban 1500MW Solar Power Project,' which was commissioned by the UAE Electricity and Water Authority (EWEC) for the first time by a Korean company. This project is a mega renewable energy power generation construction project with an investment exceeding 1 trillion won, located 70 km east of Abu Dhabi, the capital of the UAE.
There is also analysis that additional orders in the Middle East can be expected in the future. Western Power is considering participating in large-scale bidding projects in the UAE, Saudi Arabia, Oman, Kuwait, and other countries. Having secured projects with a total power generation capacity of 2,000MW in the Middle East alone, the company plans to expand the scale by linking the zero-carbon power generated there to produce green ammonia and hydrogen.
Meanwhile, S-Energy has a history of constructing the 17MW Samyang Solar Power Plant on Anmyeondo, Taean-gun, together with Western Power in 2020. In 2021, it signed a supply contract worth 58.9 billion won with Western Power for the Iwonho floating solar power generation facility.
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