GS Global participated in the International Green Energy Expo 2021 held at EXCO, Daegu from April 28 (Wed) to 30 (Fri) and introduced its solar power equipment and materials supplying to the Korean market.
GS Global is a general trading company with business experience, expertise, and worldwide sales network, and has formed strategic partnerships with major Chinese solar equipment manufacturers. Through cooperation with solar power equipment manufacturers in Korea and overseas, the company is exporting to overseas market. It is also looking for partners for distributing equipment and materials and participating in projects.
At the Green Energy Expo exhibition hall, AVING News met GS Global Team Leader Geum Chang-hyeon to interview on the solar power equipment and materials.
Q1. Company introduction
A. Geum: GS Global is a general trading company affiliated with the GS Group, with a history of more than 50 years and has considerable strengths in the distribution of equipment and materials such as exports and imports. Based on such strengths, we are introducing China’s competitive equipment in this exhibition to promote PR activities.
Q2. About our product
A. Geum: For the module inverter structure, which is the core equipment of solar power, we have signed a partnership with a leading Chinese company to propose to Korean customers as a package product.
Customers’ needs are being gradually diversified in Korean solar market. As a dual brand of Chinese manufacturers, GCL and Huang Tien, we are trying to supply price competitiveness, high-power modules, and even efficiency to suit customer needs.
Also, according to the power generation capacity, we have launched four types of inverter of 50kW, 60kW, 100kW and 120kW, providing customized products.
We have also formed a partnership with Chinese company Antai, the company that specializes in aluminum structures, especially roof structures. As a field type, we try to match the specifications desired by customers by using both sides of the aluminum POSMAC structure.
Q3. Warranty period
A. Geum: The warranty period varies slightly for each product. The module has a 12-year product warranty and a 30-year performance warranty. The inverter has free warranty period of five years, but when the customer wants more, we are considering to increase the warranty period. The structure has a 10-year free warranty. We import products from China, but issues product warranties in our own brand GS.
Q4. GS Global’s renewable energy business status
A. Geum: The Renewable Energy Team was launched last year. It is considered fairly a new team. First, we considered importing the products to Korea. From this year, we are looking to export the products to the US, Japan, Taiwan, and Southeast Asia.
The overseas project development project began five years ago, but we have sold it, and we are now reviewing it again. We have been working on developing projects in Japan and Australia, and is now looking at overseas project development projects mainly in Sri Lanka and Bangladesh.
Q5. Advantages of solar power
A. Geum: Currently, the most important topic these days is eco-friendliness, and various eco-friendly concepts such as ESG and RE100 are emerging.
Some people misunderstand that solar power generation damages the nature, but these days, with the release of high-power, high-efficiency products and materials that can conserve nature in many ways, the damage can be minimized. I think solar power is the best energy source to achieve carbon neutrality and coal phase-out by 2050.
Q6. Purpose of participation in the exhibition
A. Geum: The main purpose is to promote our brand to many customers. I also participated in the exhibition last year, but I noticed differences between last year and this year. This year, it seems that the atmosphere has become an exhibition centered on large companies.
Q7. Future plans
A. Geum: Until this year, we will be focusing on the distribution business of package equipment. In the future, I am thinking of focusing on domestic and overseas development projects, repowering projects that are expected to be active from February of next year, and BIPV projects that will be active around 2024-2025.
As a general trading company, we will offer the best solutions to occupy such a position that we can supply the value number one solution that customers want.
The 18th International Green Energy Expo is Korea’s largest, one of Asia’s top 3 and the world’s top 10 new and renewable energy exhibitions, and the only exhibition jointly organized by the four major associations. The exhibition covers △Solar power △ESS (energy storage system) & battery △Smart grid technology △Wind power and △New and renewable energy. This exhibition is hosted by Daegu Metropolitan City and Gyeongsangbuk-do and organized by EXCO, KNREA, KOPIA, KWEIA, and KHIA.
2021 Green Energy Expo Site Sketch | Photo by AVING News