Hyundai Signs Texas Solar PPA for Georgia Assembly Plants

May 1, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Hyundai Motor Company (Seoul, South Korea) is one of the latest companies to sign a power purchase agreement (PPA) for the output from a renewable power plant to offset emissions at facilities that the company is building in Georgia. However, as the Texas solar plant and Hyundai's upcoming plants will occupy two completely separate power grids, critics are wondering how effective long-distance contracts such as Hyundai's are in reducing carbon emissions at the site of a specific plant. Other companies featured: Consolidated Edison Incorporated's (NYSE:ED), NextEra Energy Incorporated (NYSE:NEE)