LG Innotek achieves renewable electricity transition rate of 61% in just one year since joining RE100

LG Innotek South Korea

Reduced approximately 267,000 tons of greenhouse gas last year with the transition to renewable energyFocusing on securing a stable renewable energy supply chain through REC, PPA, etc Invested 61.2 million USD in facilities of the environmental sector last year… improved environmental facilities).

 

 

[Terminology Description] 

RE100(Renewable Electricity 100%): Transition to 100% renewable electricity for all business sitesREC(Renewable Energy Certificate): A certificate proving that a power producer has supplied electricity using new & renewable energy facilities. This is issued by the Korea Energy Agency. A company can purchase REC from a power producer and be recognized for using renewable energy by submitting it to the Korea Energy AgencyPPA(Power Purchase Agreement): It refers to signing a direct power purchase agreement between a renewable energy producer and supply business 

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