Hyundai Motor plans ?38 crore investment in two renewable energy plants in Tamil Nadu

Hyundai Motor India Limited

Hyundai Motor plans to invest Rs.38 crore in two renewable energy plants in Tamil Nadu. The projects, a 75 MW solar plant and a 43 MW wind power plant, will operate in group captive mode to meet Hyundai Motor India Limited’s (HMIL) renewable energy needs. HMIL has signed a Power Purchase and Shareholder Agreement with Fourth Partner Energy Limited (FPEL) for this initiative, reinforcing its commitment to sustainable energy solutions.

Location:  Tamil Nadu

Estimated Value (Rs. Cr): 38

Sector: Renewable Energy

Project Stage: Conceptual/Planning

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