Hyundai Motor Group signs a 174-MW PPA with Matrix Renewables for solar energy to power its EV plant in Georgia, US.

Hyundai Motor Group signs a 174-MW power purchase agreement (PPA) with Spain's Matrix Renewables for a solar energy project to power its first dedicated EV mass production plant in the U.S., currently under construction in Georgia. The 15-year PPA will also supply energy to Hyundai Mobis' North American business and Hyundai Steel's production plant in Georgia. This marks the biggest PPA signed by a South Korean company for the use of renewable energy at its U.S. facilities.

April 22, 2024
7 Articles