Concord New Energy Signs Landmark RE100 PPA with Hyundai Engineering in South Korea

Reuters

24 Jun

Concord New Energy Signs Landmark RE100 PPA with Hyundai Engineering in South Korea

Concord New Energy Group Ltd. $(CNE.UK)$, a global leader in renewable energy, has announced its first global RE100 Power Purchase Agreement $(PPA)$ with Hyundai Engineering & Construction Co., Ltd. This significant development marks CNE's entry into the South Korean market with a 21-megawatt photovoltaic project located in Pyeongchang County, Gangwon Province. Scheduled to commence commercial operations in 2026, the project aims to support South Korea's carbon neutrality goals by providing sustainable clean energy to the local grid. This partnership highlights the shared commitment of CNE and Hyundai Engineering & Construction to advancing green energy solutions and optimizing regional energy structures in South Korea.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Concord New Energy Group Ltd. published the original content used to generate this news brief on June 24, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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