Press release

Merit SI and KOMIPO America Execute Joint Development Agreement for Next Generation 150 MW Solar Power Plant

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Merit SI, LLC and KOMIPO America, Inc. today announced the execution of a Joint Development Agreement to complete development and construction of the 150 MW Concho Valley Solar project located in Tom Green County, TX. Concho Valley Solar will deploy Merit SI’s advanced power plant controls platform, capable of enabling intermittent renewable power plants to generate incremental revenue by providing reliability services to the power grid. The Merit SI power plant controls system is currently managing 500 MW of solar power plants on the ERCOT grid.

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Utility-scale solar project with First Solar Series 6 modules (Photo: Business Wire)

Utility-scale solar project with First Solar Series 6 modules (Photo: Business Wire)

“We are pleased to partner with KOMIPO America on Concho Valley Solar, a project which will bring customers in the ERCOT market emissions free, on-peak power at great value for many years to come,” said Richard Gruber, Chief Commercial Officer at Merit SI.

“The teams at Merit SI and KOMIPO are well suited partners to bring Concho Valley Solar to fruition given our complementary capabilities and well aligned vision. We have a long-standing, successful relationship working together on similar pursuits, which is vital to achieving our joint goals,” said Tom Kuster, Merit SI Chief Executive Officer.

KOMIPO America Vice President, Brian Jeon stated, “We are pleased to partner with the experienced and talented team at Merit SI, which has a history of developing, engineering and executing innovative, high performing, utility-scale solar power plants since 2007. Concho Valley Solar will support KOMIPO’s long-term plan to expand in the U.S. renewable energy market.”

KOMIPO America, Inc. is the U.S. subsidiary of Korea Midland Power Co., Ltd., one of the major power companies in Korea, which is also actively doing business globally.

Merit SI, LLC is a developer of advanced utility-scale and industrial renewable energy projects, as well as next generation power plant controls, with offices in Houston, TX and Annandale, NJ. Turner Renewable Energy, a subsidiary of Turner Enterprises in Atlanta, GA, is lead investor in Merit SI.

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