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Daesung Energy Supports Hope House Project

Daesung Energy (President: Lee Chong-moo) concluded on June 15 an MOU with the One-roomed House Consulting Center in Volunteer Service Capability Development Institute, a representative civic group for supporting inn-type one-roomed house residents in Daegu. Under the MOU, which was signed at the head office of Daesung Energy, the company will provide the ‘Hope House Project’ with funds needed for remodeling houses and to buy fixtures. The Hope House Project is a program that helps poor people improve their living conditions. The ‘Hope House Project’, the first of its kind in Korea, is designed to give hope and will to support themselves to poor people who live in shabby inn-type one-roomed houses by helping them live in better housing environment when they have desire for improving such conditions. The project provides them with new purchased rental houses called ‘hope houses’ for 6 months for rents similar to those of one-roomed houses where they have been living. The One-roomed House Consulting Center plans to support about 20 residents of one-roomed houses a year to help them improve housing conditions by raising funds and providing them with interest-free loans. It will also provide them with various additional benefits, including free medical care service, side dishes and information on job opportunities. Under the memorandum, Daesung Energy will support fund for remodeling shabby inn-type one-roomed houses and to buy fixtures while residents are staying at new ‘hope houses’ for 6 months. President Lee Chong-moo of Daesung Energy said, “We are happy to participate in the program that supports needy people who are willing to and capable of getting out of narrow one-roomed houses. We hope this project will serve as a role model for improving housing conditions of less privileged people.” Daesung Energy has been cooperating with the One-roomed House Consulting Center to help neglected people by providing them various volunteer programs, such as clean one-roomed house program that replaces wallpapers and floor linoleum, donation of cooling systems and kimchi (pickled vegetables), and monitoring living conditions. The purchased rental house is provided to low-income people by the Ministry of Land, Transport and Maritime Affairs and Korea Land & Housing Corporation (LH). Needy people can rent an 8~12 pyeong (26.4 ~ 39.6 square meters) one-roomed house paying security deposit (1 million won) and monthly rent of 80,000 ~ 100,000 won.

Jun.22.2012 | The News > Korea, Daesung Today > News
Daesung Group – For the environment always comes first.

Daesung Group (CEO, Younghoon David Kim) participated in The 9th International Green Energy Expo Korea 2012 to tell attendees about various green projects the group is conducting. This is the Daesung Group’s booth, where the corporation displayed information on its LFG (landfill gas-to-energy) and RDF (refuse-derived fuel) businesses. People in attendance gave these project favorable reviews. One of the big draws of the Expo was Korea’s first solar power tower system, developed by Dasung Energy Co., Ltd. VIP participants from abroad were especially interested in this project. Daesung Group has more than 60 years of know-how and technological expertise. Now, the corporation moves forward to deliver total energy solutions, focusing on energy areas as natural gas and renewable energy. Presenting Korea’s future in renewable energy to famous foreign minds through solar power generation systems was a highlight of the Expo. The solar power tower system uses 450 heliostats, 2 meters in length and width, to concentrate sunlight at the top of the tower. The solar receiver, placed 50 meters high, generates heat up to 1000℃. Daesung Group has invested time and effort unsparingly to create and improve the landfill gas-to-energy business. Landfill gas is created when waste buried under ground decays to produce gases that can be used as a resource. Fifty to sixty percent of landfill gas is methane (CH4). Methane can be used to generate electricity and as a heating fuel. The most important aspect about the landfill gas business is its ability to reduce methane gas emissions released into the air, thus helping to prevent global warming. Methane is 21 times toxic than carbon dioxide on the global warming index. As a result, the CDM Project was developed and has prospered thanks to the climate change treaty. *CDM (Clean Development Mechanism) Project – allows developed countries to implement emission-reduction projects in developing countries, enabling them to earn reduction credits and gain CERs (Certified Emission Reductions) by reducing greenhouse gases. Dasung Energy Co., Ltd. also presented the RDF business model, which produces energy by making solid fuel from indrustrial waste or home waste. The technology to make refuse-derived fuel (RDF) uses combustible waste and is a great way to help improve the environment by replacing fossil fuels, which produce greenhouse gases. Lastly, Daesung Group presented its foreign green energy business. Since 2003, the corporation has supplied a solar photovoltaic (PV) energy generating system to Mongolia through the SolarWin Project. The goal of the project is to install the system on a 3.3-million-square-meter site and to provide electricity and draw well water for afforestation. The World Energy Council recently selected the Daesung Group’s GEEP Project as a model energy project in the Asia-Pacific region for three years, from 2008 to 2010. The project has become the standard model for prevention of desertification in the world. The photovoltaic module, placed in the middle of the Daesung Group’s booth, shows Expo visitors what a green future can be. Daesung Group will devote itself both to the domestic energy market and to providing energy to developing countries through renewable energy projects. Written by: energy.Korea.com

Apr.10.2012 | Energy Conference > Reviews > Green Energy EXPO Korea 2012, Daesung Today > News, Daesung Today > Photo & Video
Korea’s largest exhibition: International Green Energy Expo 2012 in Daegu

In Daegu, on March 28, people will be able to see various photovoltaic (solar PV) technologies from global companies and can preview forecasts about the renewable energy industry related to solar energy. A metropolitan city of Daegu is known as the Solar City in Korea. International Green Energy Expo Korea is the first solar energy related trade dair in Asia, and it has grown by 45% annually since its inception in 2004. Now, Green Energy Expo is the most successful solar PV & renewable energy trade fair in Asia. The expo is specialized in solar PV and will be held with 400 exhibitor companies from 25 countries for the first time in its 9-year-old history in EXCO, Daegu. Annually, Green Energy Expo Korea 2012 is one of the most international exhibitions that has invited more than 40% exhibitors from overseas since 2006. Also, it is the only exhibition in Korea where people can meet global top 10 solar PV cell module manufacturers (SUNTECH Power, Sharp, Q-cells, Yingli Solar, JA Solar, Kyocera, Trina Solar, Sun Power, Jintech, Canadian Solar, Sanyo) / solar PV Equipment Manufacturers (ASYS, Roth & Rau, MANZ, RENA, 3-S) / Inverter Manufacturers (SMA, KACO New Energy). Moreover, it is a great event to get information about global energy companies from Korea (Daesung Energy, Hyundai Heavy Industries, Woonjin Energy, and SK Energy). Green Energy Expo Korea is the most well-known solar energy expo in Korea. It was selected as Promising Trade Fair by the Ministry of Knowledge Economy. In last year, the expo has been selected three consecutive years in a row as ‘The most important events in the hottest solar PV markets in 2011′ by PHOTON-International along with SNEC (China), InterSolar (Germany), Solar Power International (USA), and PV Expo (Japan). Therefore, it is considered as a top-tier expo on renewable energy in the world. Written By: energy.korea.com

Mar.28.2012 | Energy Conference > Reviews > Green Energy EXPO Korea 2012, The News > Korea, Daesung Today > News, Daesung Today > Photo & Video
Tower style solar power (heat) generation system by Daesung Energy

Daesung Group (CEO, Younghoon David Kim) announced that its core subsidiary Daesung Energy has been selected as the main contractor of “200kW class solar power (heat) generation system development” business from the Ministry of Knowledge Economy (MKE). According to Daesung Energy, the MKE has selected Daesung Energy as the main contractor of `Strategic Technology Development Challenge in 2008`. The purpose of this challenge task was to obtain technology in new & renewable energy that has high potential for growth as the part of low-carbon green-growth policy. Using Korea Institute of Energy Research as the consigned research organization, the MKE is proceeding the solar power generation technology development business. Starting this year, the total of 11.6 billion won (government contributions of 7.15 billion won, civilian portion 4.5 billion won) will be committed to this business. And, the first Korean tower style solar power generator with 60m in height will be erected using at least 2.3ha of land. This will be the largest solar power generation facility in the country and the location is being explored in Daegu and the surrounding areas. In meantime around the world, the technology development of new and renewal energy using the Sun was focused on the light of sun. However, using the heat rather than the light of sun became known to be more efficient and economical on 10MW or larger, the solar heat power generation technology advanced rapidly. Thus, Spain and other countries in Europe and the United States have more cases of commercial installation of 10MW class or higher. Also, areas near equator in the Middle East and the desert regions in Africa, where abundant solar energy is available, are going forward with constructions of larger scale solar power generation facilities. Looking at this trend around the world, the research and technology development in solar power generation is a bit late for Korea compared to other countries. There has been a case with a small 10kW class solar power generation facility in Korea. However, the 200kW class power generation facility is the first and is considered as the ground-breaking scale. While the photovoltaic generation utilizes photoelectric effect to directly convert sun’s energy to electrical energy, the solar power generation deploys reflectors, collects hundreds and thousands degree of high temperature. Then, it uses the heat for various cycles of generations. This technology is expected to grow annually at 6.4% (EIA estimation) until 2020. Around 2020, it is expected that the solar power will be responsible for about 2,000GW of generation around the world. Also, it is forecasted that a huge market exceeding 5 trillion won per 1GW class generation equipment will be formed. That is why so many countries are scrambling to seek the first-mover advantage in this market. From this business, Daesung Group is planning to set its technology as the standard in small scale solar power generations and plans to maintain the leading position as the solar power generation operator by developing entry level models. This will be accomplished through accumulating technology by linking the existing fossil fuel power generation with the development of mid-to-large combined cycle power generation system. Also, in the mid to long, term, the company plans to integrate the advanced technology such as sun tracking, and condensing lights and others so that it can achieve 17% improvement in generation efficiency. Based on the technology, it is plans to expand the business to solar energy rich overseas regions like Mongolia, Sahara Desert. Thus, it can achieve the target market share which is 1% (20GW, 100 trillion won) of the global solar power generation market by 2020. Younghoon David Kim (CEP, Daesung Group) stated his vision, “The reason Daesung Energy is selected as the main contractor of solar power business by the government is the result of accumulated technology based on continuous investment in green energy. We are going to strategically develop businesses related to new and renewal energy such as photovoltaic, solar heat, and wind power energies. Thus, we will continuously grow the new and renewal energy business as our flagship division for the group.” Currently, Daesung Group has applied an in-house developed new and renewal energy solution, “Solar-win System” in Mongolia. The project is called the Green Eco Energy Park which utilizes about 331ha of land near Ulaanbaatar, the capitol of Mongolia. Daesung Group has been receiving technological recognition in new and renewable energy, and the project has been selected as the `noteworthy project in Asia-Pacific region` by the World Energy Council (WEC). Source: energy.Korea.com

Mar.14.2012 | The News > Korea, Daesung Today > News
Daesung Global Network, seeking to expand new and renewable energy business in Africa

Daesung Global Network Co., Ltd., the core subsidiary of new and renewable energy business by Daesung Group (CEO, Younghoon Kim), is expanding out to Africa which has been surfaced as the blue ocean of new and renewable energy business in the world. Currently, Daesung Global Network is managing a project in Ethiopia which provides electricity and drink water to a village and an elementary school by constructing a photovoltaic electric power plant. Daesung Global Networks recently invited government officials from Ethiopia who are responsible for new and renewable energy. They have discussed the policies and technology related to new and renewable energy of Korea, and reviewed the comprehensive overview of photovoltaic modules and manufacturing process, and construction of photovoltaic electric power plant and its operation. The company stated that the Ethiopian officials visited the landfill gas recycling facility and tower type solar (heat) power generation system which were constructed by Daesung Group. The company believes that on-site visits and experience will aid future business in Ethiopia. The official government delegation from Ethiopia is composed of policy makers and experts in the field of new and renewable energy. In the field of energy, they have been influencing the proliferation of new and renewable energy in Africa by working with other agencies and energy departments in African countries. Ethiopia, a leading country in North Africa, is the home of African Union and is recognized for its expansion potential to other African countries when doing business in Africa. The Ethiopian government delegation showed special interest in a stand-alone photovoltaic electric power plant which has been spotlighted due to high efficiency and economical value and the hybrid energy source, SolaWin (photovoltaic + Wind), which Daesung Group installed in Mongolia. As one of the SolaWin Project, the Mandakh Soum, Mongolia project is to prevent the desertification of Mongolia by revamping the existing wind power generation and installing a 100kW stand-alone photovoltaic electric power generation. Furthermore, an additional 20kW stand-alone photovoltaic based pumping system was installed to draw out underground water. A personal from Daesung Global Network stated, “We are planning to invite policy makers and government officials in the field of energy from African nations to Korea so that we can showcase our state-of-art technology in new and renewable energy.” Furthermore, he stated, “We are planning to establish the foothold for oversea expansion and technology export by strengthen the friendly relationship between both countries. And, in sync with the 2013 World Energy Congress in Daegu, we are planning to establish our position as the eco-friendly company in the world by developing various eco-friendly businesses in Korea and abroad.” Source: energy.Korea.com

Mar.9.2012 | The News > Korea, Daesung Today > News
Daesung Group, brightens Ethiopia with solar energy

Daesung Group (CEO, Younghoon David Kim) is holding a completion ceremony at a village elementary school in Bulchana, Ethiopia. This is to celebrate the completion of `Solar Energy Support Project`, which supplies electricity and drinking water to 1,100 households using a facility running new and renewable energy in Ethiopia. Locations of the project, Bulchana village and Boledena village, are about 200km southeast of Addis Ababa, the capital of Ethiopia. Both villages have the population of 500 and 600 which are considered as large village, but this is the first time they are getting the electricity. In Ethiopia, 40% are equipped with electricity and only 25% of people in farming areas are supplied with clean drinking water. Daesung Global Network, a subsidiary of Daesung Group in charge of plant construction, was to undertake the project to deliver electricity and drinking water using new and renewable energy to people in the back alley of civilization. One 64kW class photovoltaic (PV) electric power generation equipment was installed in the elementary school in each respective village. And, 3kW class photovoltaic electric power generation equipment in a family center, and 200W class photovoltaic street lamps were installed. Due to insufficient underwater, the plan to pump up underground water to supply drinking water using PV electricity had to be scraped. But, it was replaced by interconnecting water pipes to a nearby water reservoir about 5.6km away. The electricity generated by PV system is supplied to battery charging system in a school and homes. The home batteries supplied to about 1,100 households can turn on 1~2 lights per home. Once charged, the battery can be used for 5~6 days, thus enabling people for night activities. Since the house structure was weak and the usage of electric home appliance was low, this method was chosen to provide electricity to as many people as possible at a minimum cost. A new drinking fountain was built within a school. Now, students can study at the school and are able to carry water after school instead of missing school to get water from many miles away. The battery charging station and watering station were built in a school to improve the school attendance of children. As part of `Lighting Asia & Africa: LANA` Project supported by the National Assembly, `Solar Energy Support Project for Ethiopia` is to provide photovoltaic electric power generation equipment to underdeveloped countries in Asia and Africa and is executed by the Korea International Cooperation Agency (KOICA). The elementary schools in Bulchana and Boledena were built by KOICA. Daesung Group started the project on June of last year, and after 16 months of construction, the regional electricity and drinking water problems were resolved. Daesung Group installed SolaWin System (hybrid power generation using photovoltaic and wind power) in Mongolia to prevent desertification and to deliver electricity and drinking water to the people. In addition to Mongolia and Ethiopia, Daesung Group has supplied SolaWin System and other new and renewable energy to Kazakhstan and Bangladesh to pave the ways to improve the quality of life for the people. Furthermore, the company is trying to spread the use of SolaWin System to Congo and other African countries. Source: etoday

Mar.8.2012 | The News > Korea, Daesung Today > News
French province visits its Korean counterpart

A dozen delegates from a French province visited Daegu, North Gyeongsang, to bolster its 13-year-old ties with the southern province in the high-end technology and tourism sectors. “Alsace and North Gyeongsang have some things in common as provinces,” Andre Reichardt, first vice-president of the Alsace Regional Council, told the Korea JoongAng Daily on Feb. 23 at a reception held in the French Embassy in central Seoul. “They have a similar number of people, about 2.5 million in North Gyeongsang and 2 million in Alsace, and they have both strong local industries that have developed over the past decades. “However, since 2000, when globalization started, Alsace has suffered some economic problems, such as the rising prices of raw materials that couldn’t compete with products from Eastern Europe,” he said. “So we have started to focus on developing biotechnology, or solar energy.” Son Se-ju, an official at North Gyeongsang Provincial Government, also said, “Last year, the trading between Korea and France dramatically increased, thanks to the Korea-EU free trade agreement, and Alsace and North Gyeongsang will also boost its bilateral relations in this vein.” Lee In-sun, a senior official at the North Gyeongsang Provincial Government, added, “In France, there’s a proverb saying ‘old wine and friends improve with age.’ Just like the saying, Korea and France has developed friendship in various sectors for a long time. We expect the relationship between Alsace and North Gyeongsang will boost further cooperation and business in the upcoming future.” Source: Korea JoongAng Daily

Mar.7.2012 | The News > Korea, Daesung Today > News

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