The solar installation will likely generate enough electricity to supply 13,000 homes when it is completed at some point in early 2015.
Kossen will build the PV plant with Korea Hydro & Nuclear Power. Daewoo Securities will provide 300 billion won ($282m) of project financing.
As part of the agreement, the Goheung county authorities will provide land and permits, said Kossen, which is based in Buan, Jeollabuk province.
The
