According to Hyundai, this development aligns with the company's ambitious target of achieving the RE100 benchmark by 2025. The RE100 initiative, led by the Climate Group, unites global corporations committed to transitioning to 100 per cent renewable electricity.
To advance this mission, HMIL signed a Power Purchase and Shareholder Agreement with Fourth Partner Energy Limited (FPEL) at its Chennai manufacturing plant.
Under the agreement, a 75 MW solar plant and a 43 MW wind power plant will be established to fulfill HMIL's energy requirements through a Group Captive Mode.
This story is from the November 24, 2024 edition of The Business Guardian.
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This story is from the November 24, 2024 edition of The Business Guardian.
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