Hyundai Motor Group Secures Renewable Energy for Its U.S. Manufacturing Facilities

SEOUL, April 22, 2024 – Hyundai Motor Group (the Group) signed a 15-year power purchase agreement (PPA) with Matrix Renewables, an energy development company based in Madrid, Spain, for the Hyundai Motor Group Metaplant America (HMGMA) in Georgia and other U.S. plants.

The Group will purchase 147 MW of generation capacity from Matrix Renewables’ Stillhouse Solar Project in Bell County, Texas, which will have a total generation capacity of 210 MW.

Through this project, the Group expects to secure approximately 378 GWh of electricity annually and anticipates a yearly reduction of 140,000 tons of carbon emissions. The initiative reflects the Group’s commitment to utilizing renewable energy in its manufacturing facilities worldwide.

Read the full press release here.