HD Construction Equipment will roughly double the share of renewable energy used at its Incheon plant.
HD Construction Equipment said on the 6th that it recently signed power purchase agreements (PPAs) totaling 12.4 megawatts-peak (MWp) with multiple renewable energy generators at its Incheon business sites.
With this deal, the share of renewable energy used at the Incheon plant is set to more than double, from 19% as of Jan. next year to 43.9%.
The share of renewable energy used at other major domestic business sites outside Incheon will also rise. Early next year, the renewable energy shares at the Ulsan and Gunsan plants are expected to reach 42% and 53.1%, respectively.
Across HD Construction Equipment's domestic business sites, the share of renewable energy used will rise from the current 22% to 40.3%. The company said the resulting annual reduction in greenhouse gases will be 22,155 tons (t), equivalent to planting about 3.36 million 30-year-old pine trees.
HD Construction Equipment joined RE100 in 2023 and declared it will achieve RE100 (100% renewable energy use) by 2040. According to a report by the Korea Energy Economics Institute (KEEI) on the 2025th, the average renewable energy usage rate disclosed by domestic corporations under RE100 criteria is about 12%.
In addition to using renewable energy, HD Construction Equipment is pursuing carbon-reduction efforts such as installing solar power facilities and replacing high-emission greenhouse gas equipment.
An HD Construction Equipment official said, "Expanding the use of renewable energy is a key task to secure sustainable manufacturing competitiveness," adding, "We will steadily expand external procurement of renewable energy and self-generation to faithfully meet the 2040 RE100 and 2050 carbon neutrality goals."