Korea Zinc strides towards green energy exports

Korea Zinc, the world’s largest producer of zinc, lead and silver, has taken a major stride towards exporting green hydrogen from Australia to South Korea after it snapped up renewable energy developer Epuron in a deal that will give it access to a potential 9 gigawatts of wind and solar generation.

Ark is buying 100 per cent of Epuron, an 18-year-old Australian firm that has developed more than 3 GW of wind and solar capacity around the country. It will take on a 4.2 GW portfolio of early stage wind and solar sites as well as a further 4.8 GW of projects that have yet to secure development sites, representing in total a multibillion-dollar investment to bring online.

Ark CEO Daniel Kim said the firm aimed to establish 8 GW of renewable energy capacity to feed 3.5 GW of electrolyser capacity and establish an export business longer term, while the nearer-term focus is on enabling “green zinc” production at Sun Metals and setting up green hydrogen supply for heavy trucking in the region.“Export is the ultimate prize,” Mr Kim said, pointing to the radical transformation set to take place in the energy mix in South Korea as it moves away from coal and gas.

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