Hyundai Motor Group six affiliates to strengthen carbon neutrality

Quick Summary:

Hyundai Motor Group said on Monday that six affiliates and Hyundai Engineering & Construction Co.signed a memorandum of understanding (MOU) for a long-term joint renewable energy power purchase agreement (PPA) for 2020-2025, totaling 242 gigawatt-hours (GWh) annually.

Under this PPA agreement, Hyundai Motor Group aims to begin supplying renewable energy to the domestic sites of the six affiliates as early as next year to 242 GWh annually by 2030.

Hyundai Motor Group noted the significance of this agreement as the first group-wide effort to expand renewable energy usage.

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Article Details

Category: Economy

Markets: South Korea

Topics: Hyundai Companies Motor Energy Engineering Capital Renewable Construction Group Agreement Affiliates

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-21 @ 17:43:10 (4 days ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 193 words

Reading Time: 2 minutes read

Sentences: 14 lines

Sentence Length: 14 words per sentence (average)

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Copyright Owner: © Korea Economic Daily

News ID: 23149828

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