Kumbarilla Renewable Energy Park

an elecseed project

Korean Government Grant for K-REP

We are very much proud because we’re working with the best partners and colleagues in the journey for the Kumbarilla Renewable Energy Park (K-REP) Project.

Thanks to our best partners and colleagues’ efforts, Korean Ministry of Environment has approved a grant to the K-REP project through its research body, Korea Environmental Industry and Technology Institute (KEITI) after assessing the environmental value of the project.

Around 1 million dollar grant will be used for the rest of development process including open discussions on PPA, technical support for Early Works & ECI, and due diligence for financial close.

We’re very happy because the K-REP project is officially recognised Environmentally Good by the Korean government, which will boost cooperative relationship between Australia and Korea in their 60th anniversary of diplomatic relations.