Kia said on the 4th that it signed a memorandum of understanding (MOU) at Autoland Hwaseong in Hwaseong, Gyeonggi Province, with Gyeonggi Province, Hwaseong Special City, and Korea Asset Management Corporation (KAMCO) for large-scale solar investment using state-owned land and support for corporations' RE100 (100% use of renewable energy).
With this MOU, Kia plans to lease about 105,000 pyeong (347,000 square meters) of idle state-owned land that has long been left unused within Autoland Hwaseong and install a large-scale solar power generation facility of up to 50 MW and an energy storage system (ESS) there. Through this, Kia expects to produce about 63,900 MWh of renewable energy annually on its own.
Gyeonggi Province and Hwaseong City will actively support various administrative procedures, such as permits and approvals, and KAMCO will cooperate in areas such as lending state-owned land and reducing usage fees.
A Kia official said the company pursued this MOU to expand the adoption of renewable energy through in-house generation and to realize its vision as a "sustainable mobility solution provider."