Ssangyong E&C wins $57 million deal to build solar cell plant in Haiti

South Korea’s Ssangyong Engineering & Construction Co. (Ssangyong E&C) said on Tuesday it has won a $57 million deal to build a 12-megawatt solar power plant and a 10-megawatt-hour energy storage system at the Caracol Industrial Park in Haiti.

Under the contract, Ssangyong said it will operate the facilities for five years upon completion.

The builder said it has secured the contract with the help of its largest shareholder Global Sae-A Group, which owns an apparel maker Sae-A Trading.

Global Sae-A runs a plant at the Caracol Industrial Park.

Ssangyong said the construction of solar cell facilities in Haiti will use the engineering technology it obtained from Global Sae-A’s affiliate, SaeA STX EnTech, which built similar facilities in Nicaragua.

The Haiti deal marks Ssangyong’s first foray into the Latin American market.

Ssangyong is a general construction company for civil engineering, building, housing and plant businesses in Korea and abroad.

With the world’s best skyscraper construction capacity, Ssangyong built global landmarks such as Marina Bay Sands in Singapore and Jumeirah Emirates Towers Hotel in Dubai.

Write to Ohsang Yoo at osyoo@hankyung.com

In-Soo Nam edited this article.