More solar for Texans as 150-MW Concho Valley Solar project gets underway

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.

The project will use Merit SI’s
advanced power plant controls platform, which the company says allows 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.

 “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.

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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