Hyundai Engineering Acquires Solar Power Plant Project Rights in Hillsboro, USA

Acquisition Contract for 260MW Project Rights from 'OCI Energy'

First Overseas Investment in Renewable Energy Sector

On the 31st of last month, Kim Dong-jun, Executive Director of Hyundai Engineering (left), and Sabah Bayatli, President of OCI Energy (right), attended the contract signing ceremony for the acquisition of the Hillsboro Solar Power Plant project held at OCI Energy headquarters in San Antonio, Texas, USA.

Hyundai Engineering announced on the 1st that it has acquired the rights to the 260-megawatt (MW) 'Hillsboro Solar Power Plant' project from OCI Energy.

On the 31st of last month, the project rights acquisition contract signing ceremony was held at the OCI Energy headquarters located in San Antonio, Texas, USA, attended by key officials including Hyundai Engineering Executive Director Kim Dong-jun and OCI Energy President Saba Bayatli.

The 'Hillsboro Solar Power Plant,' to be built in Hill County, approximately 100 km south of Dallas, Texas, has a facility capacity of 260MW and an annual generation capacity of

a total of 492 GWh. This is enough to supply electricity to about 46,000 households annually based on U.S. standards.

Hyundai Engineering plans to commence commercial operations of the 'Hillsboro Solar Power Plant' in the first half of 2027 and is currently in contact with local EPC companies responsible for construction, while also comparing and reviewing major equipment and solar module suppliers.

By acquiring the project rights for the 'Hillsboro Solar Power Plant,' Hyundai Engineering has established itself as a next-generation energy specialist company based on its capabilities in EPC (Engineering, Procurement, and Construction) and O&M (Operation and Maintenance).

In December 2021, Hyundai Engineering completed the Saemangeum Onshore Solar Power Plant Zone 1 project in collaboration with Korea South-East Power Co., Ltd. In April of this year, it signed a memorandum of understanding with the Korea Infrastructure and Urban Development Corporation (KIND) for joint development of renewable energy power projects in Europe and South America.

This content was produced with the assistance of AI translation services.