{"id":44372,"date":"2023-08-01T13:10:05","date_gmt":"2023-08-01T04:10:05","guid":{"rendered":"https:\/\/news.samsungcnt.com\/en\/?p=44372"},"modified":"2023-08-01T17:05:16","modified_gmt":"2023-08-01T08:05:16","slug":"how-the-solar-power-development-business-works","status":"publish","type":"post","link":"https:\/\/news.samsungcnt.com\/en\/features\/corporate-sustainability\/2023-08-how-the-solar-power-development-business-works\/","title":{"rendered":"How the solar power development business works"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"44372\" class=\"elementor elementor-44372\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-c4e9f7a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"c4e9f7a\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-79cb290\" data-id=\"79cb290\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-54f47cc elementor-widget elementor-widget-heading\" data-id=\"54f47cc\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.23.0 - 05-08-2024 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h2 class=\"elementor-heading-title elementor-size-default\">At a glance<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-38cb73e elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"38cb73e\" data-element_type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<link rel=\"stylesheet\" href=\"https:\/\/news.samsungcnt.com\/en\/wp-content\/plugins\/elementor\/assets\/css\/widget-icon-list.min.css\">\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-check\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Solar energy is set to overtake coal as the world\u2019s biggest source of power by 2027<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-check\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">There is a need to diversify and expand solar power development<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-check\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Samsung C&T Trading & Investment Group has broadened its focus from North America to Australia and from photovoltaics to energy storage systems<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4eb049a elementor-widget elementor-widget-text-editor\" data-id=\"4eb049a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.23.0 - 05-08-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>We are approaching a vital moment in modern human history when solar energy overtakes coal in the global share of power capacity. According to the International Energy Agency (IEA), solar will be the world\u2019s <a href=\"https:\/\/www.iea.org\/energy-system\/renewables\/solar-pv\">biggest source of power by 2027<\/a>.<\/p>\n\n<p>But the IEA has also insisted that \u201cthe exceptional growth\u201d in solar power deployment must continue in order to achieve net zero emissions by 2050. While that involves policymaking at various levels, companies such as Samsung C&amp;T Trading &amp; Investment Group are playing their part.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b91d28a elementor-widget elementor-widget-heading\" data-id=\"b91d28a\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">An bigger and broader approach to solar energy<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bfaaa84 elementor-widget elementor-widget-text-editor\" data-id=\"bfaaa84\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>As we track its progress over recent years, we can see that Samsung C&amp;T has certainly recognized the need to accelerate the diversification of its solar power business portfolio, which began in 2008, through the creation of a 1,369 MW renewable power complex in Ontario, Canada, specifically focusing on its \u201csolar power development service\u201d business model.<\/p><p>While initially concentrating on a form of solar power known as photovoltaics (PV), the company has been broadening its focus to solar energy storage systems (ESS). PV converts sunlight into electrical energy, while ESS stores that energy and therefore helps to ensure the efficient distribution of solar power.<\/p><p>Since 2018, Samsung C&amp;T has expanded its role in the North American region\u2019s solar power development, mainly in the U.S., securing a cumulative 15 GW solar power and ESS pipeline project in California and Texas. Meanwhile, as of September 2022, the company has begun solar power development operations in Australia. So, as well as incorporating ESS, we have seen the company\u2019s geographical expansion.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0eeb993 elementor-widget elementor-widget-heading\" data-id=\"0eeb993\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Understanding the model from site discovery to power generation<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ae0c000 elementor-widget elementor-widget-text-editor\" data-id=\"ae0c000\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>As Samsung C&amp;T Trading &amp; Investment Group has been increasing its responsibilities for more of the solar power development value chain, we can see that this typical solar power business model is surprisingly complex. The group\u2019s solar power development business mainly performs steps 1-4 as shown in the infographic below, which demonstrates the whole process from conception to completion.<\/p>\n\n<p>It begins by identifying an appropriate site for a solar project. Previously undeveloped, or greenfield, sites are ideal because they offer greater value right from the start of the development chain. Next, it is vital that an earmarked site is thoroughly vetted to ensure that it is practical from a power system connection perspective and also that it is free from objections on environmental or social grounds. Beyond this stage, Samsung C&amp;T traders must also handle extensive paperwork to acquire land use rights as well as various licenses and permits before negotiating a power purchase agreement (PPA).<\/p>\n\n<p>In other words, the group plays the role of business developer until the start of solar power plant construction, seeking to create and monetize a kind of intangible asset that we might refer to as a &#8216;solar power business right&#8217;. Through this process, Samsung C&amp;T is recognized for its role as a solar developer by demonstrating its unique business development and risk management capabilities.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-61da391 elementor-widget elementor-widget-image\" data-id=\"61da391\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.23.0 - 05-08-2024 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/news.samsungcnt.com\/wp-content\/uploads\/sites\/3\/2023\/08\/infographic.jpg\" data-elementor-open-lightbox=\"yes\" data-elementor-lightbox-title=\"THE ROAD TO SOLAR ENERGY SUCCESS\" data-e-action-hash=\"#elementor-action%3Aaction%3Dlightbox%26settings%3DeyJpZCI6NDQzNzQsInVybCI6Imh0dHBzOlwvXC9uZXdzLnNhbXN1bmdjbnQuY29tXC91cGxvYWRcLzIuMFwvd3AtY29udGVudFwvdXBsb2Fkc1wvc2l0ZXNcLzNcLzIwMjNcLzA4XC9pbmZvZ3JhcGhpYy5qcGcifQ%3D%3D\">\n\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"644\" height=\"1024\" src=\"https:\/\/news.samsungcnt.com\/upload\/2.0\/wp-content\/uploads\/sites\/3\/2023\/08\/infographic-644x1024.jpg\" class=\"attachment-large size-large wp-image-44374\" alt=\"\" srcset=\"https:\/\/news.samsungcnt.com\/upload\/2.0\/wp-content\/uploads\/sites\/3\/2023\/08\/infographic-644x1024.jpg 644w, https:\/\/news.samsungcnt.com\/upload\/2.0\/wp-content\/uploads\/sites\/3\/2023\/08\/infographic-314x500.jpg 314w, https:\/\/news.samsungcnt.com\/upload\/2.0\/wp-content\/uploads\/sites\/3\/2023\/08\/infographic.jpg 940w, https:\/\/news.samsungcnt.com\/upload\/2.0\/wp-content\/uploads\/sites\/3\/2023\/08\/infographic-19x30.jpg 19w\" sizes=\"(max-width: 644px) 100vw, 644px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e536b52 elementor-widget elementor-widget-heading\" data-id=\"e536b52\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">The even bigger picture<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-00de43f elementor-widget elementor-widget-text-editor\" data-id=\"00de43f\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Given the importance of solar energy globally, it is a key part of efforts to protect the environment from fossil fuel power generation.<\/p>\n\n<p>Yet there are also other aspects of Samsung C&amp;T Trading &amp; Investment Group moving to shift its portfolios towards eco-friendly businesses. For instance, we recently looked at promising areas such as <a href=\"https:\/\/news.samsungcnt.com\/en\/features\/trading-investment\/2023-05-getting-to-know-hydrogen-part-2\/\">clean hydrogen<\/a> and <a href=\"https:\/\/news.samsungcnt.com\/en\/features\/trading-investment\/2023-07-getting-to-know-battery-recycling\/\">battery recycling<\/a>. In recognizing the needs of these other sectors, along with the value and expertise it can offer them, the company understands how essential it is to continue to develop a range of businesses that can together contribute to a cleaner world with fewer environmental stresses.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>At a glance Solar energy is set to overtake coal as the world\u2019s biggest source of power by 2027 There is a need to diversify and expand solar power development Samsung C&#038;T Trading &#038; Investment Group has broadened its focus from North America to Australia and from photovoltaics to energy storage systems We are approaching [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":44373,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[30,15],"tags":[],"class_list":["post-44372","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-sustainability","category-trading-investment"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How the solar power development business works - Samsung C&amp;T Newsroom<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/news.samsungcnt.com\/en\/features\/corporate-sustainability\/2023-08-how-the-solar-power-development-business-works\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta 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