Peak Energy Launches Joint Venture with Hyundai Motor Securities in Korea
The JV will develop, finance, build and operate rooftop solar projects for Hyundai Motor Group and automotive suppliers in Korea. Through long-term power purchase agreements, suppliers can access competitively priced solar electricity without upfront investment, while the JV manages installation, operations and maintenance. The aim is to improve long-term visibility over electricity costs, strengthen manufacturing competitiveness and support supply-chain decarbonization.
The launch is supported by five initial projects totaling 13 MW, with a target of 100 MW within the next two years. This is an important step for Peak Energy as we expand our role as a partner for supply-chain decarbonization at scale, combining financing, local project delivery and long-term renewable energy supply.
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