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New and Renewable Energy Facilities

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KOMIPO builds and operates facilities using various renewable energy sources, including PV, wind, biofuel, fuel cell, small hydropower, marine energy, and more.It implements a renewable portfolio standard (RPS) and greatly contributes to the reduction of GHG emissions.
It is leading the development of new renewable energy projects in rapidly changing energy market, centering around the four major power sources, wind, bio and photovoltaic power as well as fuel cell, to use them for power generation in constantly developed new projects.

Action plan and goals for facility expansion

Present

Facility capacity :
985MW

Investment :
KRW 509.2billion

RPS compliance :
10,503,000REC

2030goal

Facility capacity :
2,915MW

Investment :
KRW 2,094.5billion

RPS compliance :
18,207,000REC

3UPstrategy

  • Massive expansion of business development

    • 50+ MW photovoltaics and onshore wind power, and 100+ MW offshore wind power projects

  • Acceleration of business development

    • Preoccupation of areas for renewable energy projects

    • Reinforcement of capacity for business development

  • Discovery of localcommunity-friendly business models

    • Participation of local residents and profit sharing

    • Construction of complex sites associated with tourist regions

Development plan for each energy source(2030)

  • Photovoltaics

    1,091MW

  • Onshore wind

    577MW

  • Offshore wind power

    990MW

  • Bio

    160MW

  • Fuel cell

    82MW

  • Small hydro

    15MW

  • Carbon-free energy source, etc.

    1,920MW

Domestic Operating Facilities

Domestic Operating Facilities

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Domestic Operating Facilities
Wind Power (KOMIPO)
Yangyang Wind Farm
Maebongsan Wind
Sangmyeong Wind
Wind Power (SPC)
Gangwon Wind Farm
Seo Namhae Offshore Wind Farm
Yeonggwang Yaksu Wind Farm
Jeju Gimnyeong Wind Farm
Geumbong Wind
Yeongyang Wind Unit 2
Photovoltaics (KOMIPO)
ShinBoryeong PV
Seocheon PV
Boryeong PV
Jeju PV
Incheon PV
Yeosu EXPO PV
Jeju National University PV
Seoul PV
Sejong Rooftop PV
Photovoltaics (SPC)
Goesan PV
Muan PV
Yeonggwang PV
Highway PV(stage 1)
Rooftop PV for SMEs
Other (KOMIPO)
Boryeong Small Hydropower Plant
ShinBoryeong Small Hydro
Bioheavy Oi lPower Plant(Jeju SteamUnits 2 and 3)
Other (SPC)
Sanggong Energy
Gwangju Sangmu Complex Fuel Cell

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Domestic Operating Facilities(Category, Facility Nam, Location, Capacity)
Category Facility Location Capacity Note
PV(KOMIPO) Photovoltaics Seocheon PV Seocheon-gun, Chungcheongnam-do 1.2MW In operation
Boryeong PV Boryeong-si, Chungcheongnam-do 1.96MW
(0.53MW+0.04MW+0.94MW+0.45MW)
In operation
Seoul PV Seoul 1.3MW In operation
Incheon PV Incheon 1.57MW (0.3MW + 0.95MW + 0.32MW) In operation
Yeosu EXPO PV Yeosu-si, Jeollanam-do 2.2MW In operation
Jeju National University PV Jeju-si, Jeju-do 1.1MW In operation
Jeju PV Jeju-si, Jeju-do 1.15MW In operation
Shin Boryeong PV Boryeong-si, Chungcheongnam-do 4.07MW(2.9MW+1.17MW) In operation
Boryeong Floating PV Boryeong-si, Chungcheongnam-do 1.17MW In operation
Sejong Rooftop PV Sejong 0.3MW In operation
Jeju Seongeup-ri PV Seogwipo-si, Jeju-do 2MW(1MW+1MW) In operation
ESS Sonae PV 8 locations(incl. Shin Boryeong) PCS 8.5MW, BAT 27.9MWh In operation
PV (SPC) Photovoltaics Highway PV(stage 1) 40 locations(incl. rooftopof Korea Expressway Corporation Goseong Office) 22MW In operation
Yeonggwang PV Yeonggwang PV Yeonggwang-gun, Jeollanam-do 100MW In operation
Muan PV Muan-gun, Jeollanam-do 33MW In operation
Goesan PV Goesan-gun, Chungcheongbuk-do 15MW In operation
Gunsan Eoeun-ri PV Gunsan-si, Jeonbuk-do 30MW In operation
Yeongyang Ogi-ri PV Yeongyang-gun, Gyeongsangbuk-do 6MW In operation
Rooftop PV for SMEs Sacheon-si, Gyeongsangnam-do, etc. 15 SMEs 10MW In operation
Saemangeum Zone 3 PV Gunsan-si, Jeonbuk-do 99MW In operation
ESS Yeonggwang PV Yeonggwang-gun, Jeollanam-do PCS 87MW, BAT 312MWh In operation
Muan PV Muan-gun, Jeollanam-do PCS 30MW, BAT 110MWh In operation
Goesan PV Goesan-gun, Chungcheongbuk-do PCS 13.5MW, BAT 40MWh In operation
Wind(KOMIPO) Wind Power Yangyang Wind Farm Yangyang-gun, Gangwon-do 3.0MW (1.5MW x 2units) In operation
Maebongsan Wind Taebaek-si, Gangwon-do 8.8 MW(0.85 MW x 8 units + 2 MW x 1unit) In operation
Sangmyeong Wind Hallim-eup, Jeju-si, Jeju-do 21MW (3MW x 7units) In operation
ESS Sangmyeong Wind Hallim-eup, Jeju-si, Jeju-do PCS 2MW, BAT 7.3MWh In operation
Wind (SPC) Wind Power GangwonWind Farm Pyeongchang-gun, Gangwon-do 98MW (2MW x 49units) In operation
Yeonggwang Yaksu Wind Farm Yeonggwang-gun, Jeollanam-do 19.8MW (3.3MW x 6units) In operation
Jeju Gimnyeong Wind Farm Jeju-si, Jeju-do 30MW (3MW x 10units) In operation
Geumbong Wind Taebaek-si, Gangwon-do 28MW (4MW x 7units) In operation
Yangsan Yeomsubong Wind Yangsan-si, Gyeongsangnam-do 15.6MW(5.2MW x 3units) Under construction
Yeongyang Wind Unit 2 Yeongyang-gun, Gyeongsangbuk-do 42MW (4.2MW x 10units) In operation
Yeongdeok Haeparang Wind Yeongdeok-gun, Gyeongsangbuk-do 16.68MW(5.56MW x 3units) Under construction
Seo Namhae Offshore Wind Farm Offshore from Buan-gun, Jeonbuk-do to Gochang-gun, Jeonbuk-do 60MW (3.3MW x 6units) In operation
Jeju Hallim Offshore Wind Farm Jeju-si, Jeju-do 100MW (5.56MW x 18units) Under construction
ESS Yeonggwang Yaksu ESS Yeonggwang-gun, Jeollanam-do PCS 4MW, BAT 12MWh In operation
Other (KOMIPO) Wood Pellet Co-firing(Boryeong Units 3 to 8) Boryeong-si, Chungcheongnam-do 100MW In operation
Organic Solid Fuel Co-firing
(Boryeong Units 7 and 8)
Boryeong-si, Chungcheongnam-do 50MW In operation
Bioheavy Oil Power Plant
(Jeju Steam Units 2 and 3)
Jeju-si, Jeju-do 150MW In operation
Boryeong Small Hydropower Plant Boryeong-si, Chungcheongnam-do 7.5MW (1.25MW x 6Units) In operation
Shin Boryeong Small Hydro Boryeong-si, Chungcheongnam-do 5MW(2.5MW x 2Units) In operation
Shin Seocheon Small Hydro Seocheon-gun, Chungcheongnam-do 2.6MW In operation
Boryeong Fuel Cell Unit 2
(formerly ShinBoryeong Fuel Cell)
Boryeong-si, Chungcheongnam-do 7.5MW In operation
Incheon Fuel Cell Incheon 31.6MW (15.8MW x 2Units) In operation
Sejong Fuel Cell Sejong 5.3MW In operation
Seoul Fuel Cell Seoul 6MW In operation
Other(SPC) Sanggong Energy Iksan-si, Jeonbuk-do 9.8MW In operation
Gwangju Sangmu Complex Fuel Cell Gwangju 12.32MW In operation

KOMIPO aims at developing eco-friendly wind power business to 6 GW of offshore wind power and 1 GW of onshore wind power by 2030.
In particular, it is actively enhancing its independent O&M technology and sharing profits with local communities centering around the massive offshore wind power projects.

KOMIPO facilities

  • Jeju Sangmyeong Wind Farm Photo

    Jeju Sangmyeong Wind Farm

    • Location :

      Hallim-eup, Jeju-si, Jeju-do

    • Capacity :

      21 MW (3 MW x 7 units) + ESS(PCS 2 MW, BAT 7.3 MWh)

    • Type :

      Horizontal axis propeller type

    • Construction :

      Aug. 2016

    • Investment :

      KRW 54.1 billion

  • Yangyang Wind Farm Photo

    Yangyang Wind Farm

    • Location :

      Yangyang Pumped Storage Power Plant inYangyang-gun, Gangwon-do

    • Capacity :

      3.0MW (1.5MW x 2units)

    • Type :

      Horizontal axis propeller type

    • Construction :

      Jun. 2006

    • Investment :

      KRW 5.8 billion

Joint investment facilities

  • Gangwon Wind Farm Photo

    Gangwon Wind Farm

    • Location :

      Pyeongchang-gun, Gangwon-do

    • Capacity :

      98 MW (2 M x 49 units)

    • Type :

      Horizontal axis propeller type

    • Construction :

      Oct. 2006

    • Project type :

      Build-Own-Operate (BOO)

    • Expenses(share) :

      KRW 158.8 billion (15%)

  • Yeonggwang Yaksu Wind Farm Photo

    Yeonggwang Yaksu Wind Farm

    • Location :

      Yeonggwang-gun, Jeollanam-do

    • Capacity :

      19.8MW(3.3MW x 6units)

    • Type :

      Horizontal axis propeller type

    • Construction :

      Nov. 2016

    • Expenses(share) :

      KRW 55.3 billion (9.6%)

  • Seo Namhae Offshore Wind Farm Photo

    Seo Namhae Offshore Wind Farm

    • Location :

      Offshore in Buan-gun and Gochang-gun, Jeonbuk-do

    • Capacity :

      60MW(3MW x 20units)

    • Type :

      Horizontal axis propeller type

    • Construction :

      Jan. 2020

    • Expenses(share) :

      KRW 457.3 billion (12.5%)

  • Jeju Gimnyeong Wind Farm Photo

    Jeju Gimnyeong Wind Farm

    • Location :

      Gujwa-eup, Jeju-si, Jeju-do

    • Capacity :

      30MW(3MW x 10units)

    • Type :

      Horizontal axis propeller type

    • Construction :

      Jun. 2015

    • Expenses(share) :

      KRW 83 billion (30%)

  • Taebaek Geumbong Wind Farm Photo

    Taebaek Geumbong Wind Farm

    • Location :

      Changjuk-dong, Taebaek-si, Gangwon-do

    • Capacity :

      28MW(4MW x 7units)

    • Type :

      Horizontal axis propeller type

    • Construction :

      Dec. 2022

    • Expenses(share) :

      KRW 81,990 million (29%)

  • Yeongyang Wind Unit 2 Photo

    Yeongyang Wind Unit 2

    • Location :

      Samui-ri, Seokbo-myeon,Yeongyang-gun, Gyeongsangbuk-do

    • Capacity :

      42MW(4.2MW x 10units)

    • Type :

      Horizontal axis propeller type

    • Construction :

      Sep. 2023

    • Expenses(share) :

      KRW 121.1 billion (30%)

New developments

  • Jeju Hallim Offshore Wind Farm

    • Location :

      Hallim-eup, Jeju-si

    • Capacity :

      100MW(5.56MW x 18units)

    • Construction :

      Jan. 2022 ~ Oct. 2024

    • Partners :

      KOMIPO, KEPCO, KEOCOE&C, Hyundai E&C, Baram

    • Expenses :

      KRW 630.3 billion

  • Yeongdeok Haeparang Wind

    • Location :

      Goesi-ri, Yeonghae-myeon, Yeongdeok-gun,Gyeongsangbuk-do

    • Capacity :

      16.68MW(5.56MW x 3units)

    • Construction :

      Jul. 2022 ~ Dec. 2023

    • Partners :

      KOMIPO, Total Eren, Ween E&S

    • Expenses :

      KRW 64 billion

  • Yangsan Yeomsubong Wind

    • Location :

      Wondong-myeon, Yangsan-si,Gyeongsangnam-do

    • Capacity :

      15.6MW(5.2MW x 3units)

    • Construction :

      Aug. 2022 ~ Jan. 2024

    • Partners :

      KOMIPO, Pungbaek Green Energy

    • Expenses :

      KRW 55.9 billion

  • Pyeongchang Hoenggye Eco Wind

    • Location :

      Hoenggye-ri, Daegwallyeong-myeon, Pyeongchang-gun,Gangwon-do

    • Capacity :

      40MW

    • Partners :

      KOMIPO, Taehwan, Hanwha Solutions

    • Expenses :

      KRW 106 billion

  • Boryeong Offshore Wind led by thepublic sector

  • Boryeong Nokdo Offshore Wind

  • Tongyeong Yokji Offshore Wind

  • Incheon Gyeongin Offshore Wind Unit 3

KOMIPO is constructing and operating PV facilities generating a total of 448MW (KOMIPO projects: 32MW, SPC projects: 416MW, including ESS) to further develop its PV business under the slogan “Photovoltaic 3-Way Project.”Projects are ongoing three ways: land PV projects using idle sites, floating PV projects using reservoirs and ponds, and rooftop PV projects using buildings.

KOMIPO facilities

  • Boryeong Power Plant Unit 1 Photo

    Boryeong Power Plant Unit 1

    • Location :

      Rooftop of the turbine buildings of Boryeong P.G. Site Div. Units 1 & 2, behind the parking lot of the new building

    • Capacity :

      526kW

    • Construction :

      Apr. 2008

    • Investment :

      KRW 3,250 million

  • Boryeong Power Plant Unit 2 Photo

    Boryeong Power Plant Unit 2

    • Location :

      Boryeong P.G. Site Div. Energy World

    • Capacity :

      46.2kW

    • Construction :

      Apr. 2009

    • Investment :

      KRW 390 million

  • Boryeong Power Plant Unit 3 Photo

    Boryeong Power Plant Unit 3

    • Location :

      Rooftop of Boryeong P.G. SiteDiv. Unit 3 Turbine Building and old building

    • Capacity :

      937.95kW

    • Construction :

      Dec. 2018

    • Investment :

      KRW 1,280 million

  • Boryeong Power Plant Unit 4 Photo

    Boryeong Power Plant Unit 4

    • Location :

      Parking lot behind the old building and KOMIPO Institute of Technology of Boryeong P.G. SiteDiv., and new parking lot

    • Capacity :

      454.35kW

    • Construction :

      Mar. 2019

    • Investment :

      KRW 580 million

  • Boryeong Floating PV Photo

    Boryeong Floating PV

    • Location :

      Water surface of intake canal at Boryeong P.G. Site Div.

    • Capacity :

      1,171.8kW

    • Construction :

      Aug. 2017

    • Investment :

      KRW 1,980 million

  • Shin Boryeong PV Photo

    Shin Boryeong PV

    • Location :

      Rooftop of Shin Boryeong P.G.Site Div. Coal Yard

    • Capacity :

      2,903.04kW

    • Construction :

      Aug. 2016

    • Investment :

      KRW 5,130 million

  • Shin Boryeong PV Unit 2 Photo

    Shin Boryeong PV Unit 2

    • Location :

      Parking lot of Shin Boryeong P.G.Site Div. Main Building, and southern road

    • Capacity :

      1,170.12kW

    • Construction :

      Jul. 2022

    • Investment :

      KRW 2.9 billion

  • Seocheon PV Unit 1 Photo

    Seocheon PV Unit 1

    • Location :

      Idle site at Shin Seocheon P.G.Site Div.

    • Capacity :

      1,202kW

    • Construction :

      Jan. 2008

    • Investment :

      KRW 8,640 million

  • Yeosu EXPO PV Photo

    Yeosu EXPO PV

    • Location :

      Yeosu EXPO Energy Park inYeosu-si, Jeollanam-do

    • Capacity :

      2,218.67kW

    • Construction :

      Mar. 2012

    • Investment :

      KRW 6,990 million

  • Shin Seocheon PV Units 1 & 2 Photo

    Shin Seocheon PV Units 1 & 2

    • Location :

      Idle site at Shin Seocheon P.G. SiteDiv.

    • Capacity :

      1,998.12kW / 625.6kW

    • Construction :

      Oct. 2022

    • Investment :

      KRW 4,590 million

  • Incheon PV Unit 1 Photo

    Incheon PV Unit 1

    • Location :

      Rooftop of Incheon P.G. SiteDiv. Environmental & ChemicalEngineering Team and warehouse

    • Capacity :

      304kW

    • Construction :

      Dec. 2011

    • Investment :

      KRW 1,010 million

  • Incheon PV Unit 2 Photo

    Incheon PV Unit 2

    • Location :

      Upper region of intake canal atIncheon P.G. Site Div., and rooftop of wastewater treatment building

    • Capacity :

      950.16kW

    • Construction :

      Jan. 2019

    • Investment :

      KRW 1,670 million

  • Incheon PV Unit 3 Photo

    Incheon PV Unit 3

    • Location :

      Rooftop of Incheon P.G. Site Div.Heat Supply Facility Building

    • Capacity :

      320.76kW

    • Construction :

      Dec. 2019

    • Expenses :

      KRW 430 million

  • Seoul Seonam PV Photo

    Seoul Seonam PV

    • Location :

      Seoul Water Recycling Corporation in Gangseo-gu, Seoul

    • Capacity :

      1,301.34kW

    • Construction :

      Aug. 2011

    • Investment :

      KRW 4,780 million

  • Sejong Rooftop PV Photo

    Sejong Rooftop PV

    • Location :

      Rooftop of Sejong P.G. Site Div.Turbine Building and warehouse

    • Capacity :

      327.31kW

    • Construction :

      Dec. 2017

    • Investment :

      KRW 700 million

  • Jeju PV Unit 2 Photo

    Jeju PV Unit 2

    • Location :

      Idle site at Jeju P.G. Site Div.

    • Capacity :

      1,149.2kW

    • Construction :

      Jan. 2014

    • Investment :

      KRW 2,460 million

  • Jeju National University PV Photo

    Jeju National University PV

    • Location :

      Rooftop of Jeju National University in Jeju-si, Jeju-do

    • Capacity :

      1,086.8kW

    • Construction :

      May 2012

    • Investment :

      KRW 3,930 million

  • Jeju Seongeup-ri PV Units 1 & 2 Photo

    Jeju Seongeup-ri PV Units 1 & 2

    • Location :

      Seongeup-ri, Pyoseon-myeon,Seogwipo-si, Jeju-do

    • Capacity :

      999.6kW / 999.6kW

    • Construction :

      Nov. 2021

    • Investment :

      KRW 3,250 million (KRW 1,630million + KRW 1,620 million)

  • KOMIPO PV-linked ESS Photo

    KOMIPO PV-linked ESS

    • Location :

      8 locations (incl. Boryeong P.G.Site Div., Incheon P.G. Site Div.,Yeosu EXPO)

    • Capacity :

      (PCS) 8.5MW, (BAT) 28MWh

    • Construction :

      May 2020

    • Partners :

      Internal project

    • Expenses :

      KRW 19,230 million

Joint investment facilities

  • Saemangeum Zone 3 PV Photo

    Saemangeum Zone 3 PV

    • Location :

      Public Waters District 3 in Osikdo-dong, Gunsan-si, Jeonbuk-do

    • Capacity :

      99MW

    • Construction :

      Apr. 2021 ~ Mar. 2022

    • Expenses(share) :

      KRW 160.7 billion (41.1%)

  • Rooftop PV for SMEs Photo

    Rooftop PV for SMEs

    • Location :

      15 SMEs (incl. in Nonsan-si,Chungcheongnam-do)

    • Capacity :

      10MW

    • Construction :

      Jun. 2021 ~ Nov. 2023

    • Expenses(share) :

      KRW 11 billion (20%)

  • Gunsan Eoeun-ri PV Photo

    Gunsan Eoeun-ri PV

    • Location :

      Eoeun-ri, Okgu-eup, Gunsan-si,Jeonbuk-do

    • Capacity :

      30MW

    • Construction :

      Feb. 2021 ~ Nov. 2021

    • Expenses(share) :

      KRW 57.2 billion (29%)

  • Solar School Plant Photo

    Solar School Plant

    • Location :

      Rooftops of all schools nationwide

    • Capacity :

      110MW

    • Construction :

      since 2016

    • Expenses(share) :

      KRW 200 billion (8.325%)

New developments

  • Seokmunho Reservoir Floating PV

    • Location :

      Seongmun-myeon and Songsan-myeon, Dangjin-si, Chungcheongnam-do

    • Capacity :

      72MW

    • Construction :

      Jul. 2024 ~ Oct. 2025

    • Partners :

      KOMIPO, Hanwha Impact

    • Expenses :

      KRW 161 billion

  • Follow-up Rooftop PV for SMEs

    • Location :

      Rooftops of SME buildings inGyeonggi Pyeongtaek IndustrialComplex

    • Capacity :

      90MW

    • Construction :

      since Mar. 2024

    • Partners :

      KOMIPO, Enel X Korea

    • Expenses :

      KRW 127.5 billion

New R&D

  • ESS Water Cooling Type HeatControl R&D

    • Development :

      Dec. 2022 ~ Mar. 2025

    • Partners :

      KOMIPO, Ajou University,
      Young Hwa Tech Co., Ltd.

    • Expenses :

      KRW 1 billion

KOMIPO facilities

  • Wood Pellet Co-firing (Boryeong Units 1 to 8)

    • Location :

      Boryeong P.G. Site Div. in Boryeong-si,Chungcheongnam-do

    • Capacity :

      150MW

    • Construction :

      Dec. 2013 (Units 3 to 6) & Oct. 2017(Units 1, 2, 7, and 8)

    • Expenses :

      KRW 12.2 billion

  • Organic Solid Fuel Co-firing(Boryeong Units 7 and 8)

    • Location :

      Boryeong P.G. Site Div. inBoryeong-si, Chungcheongnam-do

    • Capacity :

      50MW

    • Construction :

      Jul. 2021

    • Expenses :

      KRW 5.1 billion

  • Bioheavy Oil (Jeju Steam Units 2 and 3)

    • Location :

      Jeju P.G. Site Div. in Jeju-si,Jeju-do

    • Capacity :

      150MW

    • Construction :

      May 2019

    • Expenses :

      KRW 1.1 billion

    • Replacement :

      Bunker C → bioheavy oil fuel

  • Shin Boryeong Fuel Cell

    • Location :

      Boryeong P.G. Site Div. in Boryeong-si,Chungcheongnam-do

    • Capacity :

      7.48MW

    • Type :

      LNG(PAFC)

    • Construction :

      Dec. 2017

    • Expenses :

      KRW 38.3 billion

  • Incheon Fuel Cell (stage 1)

    • Location :

      Incheon P.G. Site Div. in Incheon

    • Capacity :

      15.84MW

    • Type :

      LNG(PAFC)

    • Construction :

      Feb. 2020

    • Expenses :

      KRW 80 billion

  • Incheon Fuel Cell (stage 2)

    • Location :

      Incheon P.G. Site Div. inIncheon

    • Capacity :

      15.84MW

    • Type :

      LNG(PAFC)

    • Construction :

      Jul. 2022

    • Expenses :

      KRW 80 billion

  • Sejong Fuel Cell

    • Location :

      Sejong P.G. Site Div. in Sejong

    • Capacity :

      5.28MW

    • Type :

      LNG(PAFC)

    • Construction :

      Feb. 2020

    • Expenses :

      KRW 26.4 billion

  • Seoul Fuel Cell

    • Location :

      Seoul P.G. Site Div. in Seoul

    • Capacity :

      6MW

    • Type :

      LNG(SOFC)

    • Construction :

      Oct. 2020

    • Expenses :

      KRW 38 billion

Joint investment facilities

  • Sanggong Energy Photo

    Sanggong Energy

    • Location :

      Iksan-si, Jeonbuk-do

    • Capacity :

      9.8MW

    • Construction :

      Jul. 2021

    • Project type :

      Build-Own-Operate (BOO)

    • Expenses(share) :

      KRW 106.8 billion (85%)

  • Fuel Cell Generation Project in Gwangju Sangmu Complex

    • Location :

      Idle site in sewage treatmentplant in Chipyeong-dong, Seo-gu,Gwangju

    • Capacity :

      12.32MW

    • Construction :

      Dec. 2021

    • Expenses(share) :

      KRW 81.5 billion (29%)