Nils Quak: Why does Haezoom want to enter the VPP business?
J-Ho LEE: Haezoom concentrated on identifying and resolving the issues encountered by our customers. One of these issues had to do with the inadequacy of accessible information within the solar industry. To resolve this, we developed and introduced the Haezoom SolarMap, a solar forecasting map. To preserve the trust and confidence of our customers, Haezoom continues to introduce solutions addressing nationwide environmental issues. Haezoom believes that the VPP business is one of these solutions.
In 2016, Haezoom was the only start-up designated as an aggregator for the pilot Electricity Aggregator Programme, and in 2019 commenced operations as the first registered aggregator. As of May 2019, Haezoom manages over 2,800 PV power plants around Korea through its PV leasing and renewable portfolio standard (RPS) businesses. We anticipate that our knowledge and experience gained from managing decentralized PV power plants will have a positive impact on our VPP business.
Nils Quak: What were the reasons for choosing Next Kraftwerke?
J-Ho LEE: Haezoom came across Next Kraftwerke whilst undertaking case studies. Upon further assessment, we came to the conclusion that Next Kraftwerke was the leading VPP company in Europe and therefore decided to collaborate. In particular, we were interested in the fact that Next Kraftwerke managed at the time 4.5 GW in assets.