Hyundai Engineering takes over solar power plant project in Texas

By Kim Joo-heon Posted : August 1, 2024, 17:39 Updated : August 1, 2024, 17:52
Kim Dong-Joon left vice president of Hyundai Engineering and Sabah Bayatli president of OCI Energy poses after signing a memorandung of undersstanding on July 31 2024 Courtesy of Hyundai Engineering
Kim Dong-Joon (left), vice president of Hyundai Engineering, and Sabah Bayatli, president of OCI Energy, poses after signing a memorandum of understanding on July 31, 2024. Courtesy of Hyundai Engineering.
SEOUL, August 01 (AJU PRESS) - Hyundai Engineering has secured the rights to a 260-megawatt solar power plant project in Texas, marking its first investment in overseas renewable energy, the Korean company said Thursday.

The plant, to be located in Hill County, about 100 kilometers south of Dallas, will have an annual capacity of 492 gigawatt-hours, sufficient to supply electricity to about 46,000 U.S. households annually, the company said.

Hyundai Engineering acquired the project, dubbed "Project Hillsboro," from Texas-based OCI Energy. 

The Korean firm plans to begin commercial operations in the first half of 2027 and is currently in talks with local engineering, procurement and construction companies for the construction.

"We are very pleased that we have successfully acquired our first solar project in the U.S. This marks a significant milestone for our company as we venture into the renewable energy sector," Kim Dong-joon, vice president of Hyundai Engineering, said in a press release.

Sabah Bayatli, president of OCI Energy, said, "This transaction not only signifies an important step in our ongoing commitment to advancing renewable energy in the U.S., it also serves as a platform for future collaboration between our respective companies."
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