The Korean automaker is charging ahead toward a cleaner future. Hyundai just signed the largest renewable energy supply contract in Korea. The massive clean energy supply is enough to fully charge its all-electric IONIQ 5 SUV over 7 million times.
On Wednesday, Hyundai Motor Company announced a new renewable energy supply contract with Hyundai Engineering & Construction, SK E&S, GS E&R, and Enlighten.
Through the new power purchase agreement (PPA), Hyundai will receive 610 GWh of renewable energy annually over the next 20 years, making it the largest in Korea.
Hyundai said the electricity is enough to fully charge the IONIQ 5, with an 84 kWh battery, over 7 million times. With the new supply, Hyundai expects to reduce greenhouse gases by around 5.6 million tons.
A Hyundai Motor Company spokesperson said, in addition to PPAs, “We plan to build a diverse renewable energy portfolio and accelerate carbon reduction through expansion of solar power generation facilities, and convert 100% of the electricity used in all our domestic and overseas business sites to renewable energy by 2045.”
The agreement is the latest as Hyundai accelerates its transition to 100% renewable energy use domestically and overseas.
Hyundai said it plans to gradually expand solar power in Korea to secure a stable supply in the future.
In 2024, Hyundai has already built 20MW of solar power generation across its network in Korea. Next year, it will add another 11MW in Ulsan, where it will finish construction at its first dedicated EV plant.
With its Czech and Indonesian plants already converted to 100% renewable energy, Hyundai is also accelerating the shift overseas. Next year, the company plans to purchase all electricity from renewable energy sources at its US, India, and Turkey plants through PPAs.
The company spokesperson added Hyundai “will proactively respond to climate change in the future by providing customers with vehicles produced using eco-friendly electricity.”
Hyundai kicked off production at its new Metaplant America in Georgia this month. The upgraded 2025 IONIQ 5 is now rolling off the assembly line ahead of deliveries later this year. It features more range, sleek new styling, and an NACS port to charge at Tesla’s Supercharger network.