Hyundai Motors India to establish 2 RE plants in Tamil Nadu

22 Nov 2024 , 11:43 AM

Hyundai Motor India Limited (HMIL) has taken a significant step toward meeting its RE100 commitment by establishing two renewable energy plants in Tamil Nadu. The firm has inked a Power Purchase and Shareholder Agreement with Fourth Partner Energy Limited (FPEL) to speed its transition to 100% renewable power by 2025.

HMIL already satisfies 63% of its energy requirements through renewable sources, and it hopes to achieve this goal considerably ahead of many other automakers in the country. The Climate Group launched RE100, a global project aimed at bringing together enterprises committed to utilizing 100% renewable power.

The deal was signed at HMIL’s Chennai manufacturing facility by Gopalakrishnan Chathapuram Sivaramakrishnan, HMIL’s Whole-time Director and Chief Manufacturing Officer, and Karan Chadha, FPEL’s National Head of Business Development. The alliance will invest ₹38 Crore to build two renewable energy facilities that would generate wind and solar electricity. 

The plants will operate under a Group Captive Mode, with HMIL holding a 26% interest and FPEL owning 74% of the project. This long-term arrangement guarantees that HMIL will have a constant source of renewable energy for the next 25 years.

HMIL’s energy management strategies include switching to LED lighting, using thermo-ceramic coatings to cut fuel use, and introducing waste heat recovery systems to further its sustainability efforts. With an expanding renewable energy portfolio, including a 10 MW rooftop solar facility in Chennai, HMIL is on course to accomplish its environmental stewardship objectives. 

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