Atlanta, Georgia [RenewableEnergyAccess.com] GE Energy’s technology has been selected for a 3-megawatt (MW) solar power facility being developed at Yong Gwang, Korea. The solar installation is being developed by Korea Hydro Nuclear Power Co., which supplies more than 40% of Korea’s power. Electricity generated by the Yong Gwang solar power plant will be transmitted to the national grid.“This is a milestone project for the development of solar power in Korea and in all of Asia, and we are extremely pleased that our technology will support this effort,” said Victor Abate, vice president of renewable energy for GE Energy. GE will supply the Yong Gwang project with its high efficient 200-watt solar power modules, along with balance-of-system equipment, which will be manufactured at the company’s facilities in Newark, Delaware, and will be shipped to the project site over the next year. KD Solar Co., Ltd. of Seongnam City, Korea, the EPC contractor for the project, is responsible for engineering, system design and installation, which is expected to enter commercial service in 2008. GE Energy business units currently operating in Korea include power generation, wind, solar, energy services, optimization services and network reliability products and services. The installed base of GE Energy equipment in Korea totals more than 40 gigawatts. Under ecomagination, GE will invest $1.5 billion annually in research in cleaner technologies by 2010, up from $700 million in 2004.