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Matrix Renewables and Hyundai sign solar PPA

Published by , Editorial Assistant
Energy Global,


Matrix Renewables has announced that it has signed a renewable energy power purchase agreement (PPA) with affiliates of the Hyundai Motor Group for 147 MWac from its Stillhouse Solar project, a 284 MWdc / 210 MWac total solar photovoltaic (PV) project located in Bell County, Texas (USA). The Stillhouse Solar project is expected to begin commercial operations in 2H25.

“We are thrilled to have finalised this agreement with Hyundai Motor Group, contributing to the achievement of its ambitious sustainability objectives in the US,” said Cindy Tindell, Managing Director and Head of US for Matrix Renewables. “Stillhouse Solar will provide clean power, deliver grid resiliency and avoid 200 000 tpy of CO2 equivalent. These environmental attributes are in addition to the economic benefit for the Bell County region in Texas. We greatly value the communities in which we develop, construct and operate our projects and are committed to ensuring our projects benefit those communities. We thank Hyundai Motor Group for its commitment to our Stillhouse Solar project and look forward to an enduring relationship.”

"Hyundai Motor Group is excited to be a part of the Stillhouse Solar project and looks forward to making a sustainable contribution through this project to our manufacturing plants in the US," said Sung Hwan Bae, Vice President and Head of Corporate Business Planning Team at Hyundai Motor Group. "As a smart and sustainable mobility solutions provider, we will further pursue environmental efforts and expand renewable energy solutions into our worldwide facilities."

 

 

For more news and technical articles from the global renewable industry, read the latest issue of Energy Global magazine.

Energy Global's Spring 2024 issue

The Spring 2024 issue of Energy Global starts with a guest comment from Field on how battery storage sites can serve as a viable solution to curtailed energy, before moving on to a regional report from Théodore Reed-Martin, Editorial Assistant, Energy Global, looking at the state of renewables in Europe. This issue also hosts an array of technical articles on electrical infrastructure, turbine and blade monitoring, battery storage technology, coatings, and more.

Read the article online at: https://www.energyglobal.com/solar/30042024/matrix-renewables-and-hyundai-sign-solar-ppa/

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