Hyundai Motor Group Signs Solar PPA - Smart Energy Decisions

GHG Emissions, Industrial, Solar  -  April 23, 2024

Hyundai Motor Group Signs Solar PPA

Hyundai Motor Group signed a 15-year power purchase agreement (PPA) to secure solar electricity for its plants in the U.S., including the Hyundai Motor Group Metaplant America (HMGMA) in Georgia.

The automaker signed an agreement with Matrix Renewables of Madrid, Spain, and plans to purchase 147 MW of generation capacity through the Stillhouse Solar Project led by Matrix Renewables in Texas, according to an announcement.

Hyundai will secure 378 GWh of electricity annually and expects an annual carbon emissions reduction of 140,000 tons.

The secured solar energy will support sustainable manufacturing at several Group-affiliated plants in the U.S., such as HMGMA, a factory dedicated to electric vehicles (EVs), and other plants that supply parts, steel plates and sheets for the Group’s EVs.

Affiliates of the Group, including HMGMA, Hyundai Mobis North America Electrified Powertrain LLC, Hyundai Steel Georgia Inc., and Hyundai Transys Georgia Powertrain Inc., collectively joined the agreement.

The Group will undertake investments and contracts for renewable energy conversion at its U.S. facilities this year. In addition, the Group plans to convert to renewable energy at the Group’s manufacturing facilities around the world through collaboration with diverse parties.

Located in Bryan County, Georgia, HMGMA is Hyundai Motor Group’s first dedicated EV mass-production plant. The factory will start manufacturing EVs for its automotive affiliates, including Hyundai Motor Company and Kia Corporation, in the fourth quarter of this year.

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