Hyundai Motor plans to set renewable energy plants in Chennai
South Korean multinational automotive manufacturer Hyundai Motor plans to establish two renewable energy plants at its vehicle manufacturing unit in Chennai, Tamil Nadu. The firm has signed a power purchase and shareholder agreement with Fourth Partner Energy Ltd (FPEL) to set up a 75 MW solar plant and a 43 MW wind power plant to cater to its renewable energy requirements.
The long-term agreement will ensure a 25-year supply of renewable energy to Hyundai.
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