Hyundai Motor to Install Largest Solar Power Roof in South Korea

Hyundai Motor Co. (005380), South Korea’s largest automaker, plans to install the country’s biggest rooftop solar power plant at one of its factories to expand the use of renewable energy and help reduce global warming.

Power produced from the Seoul-based automaker’s plant in Asan, where Hyundai makes its Sonata hybrid sedans, will be sold to Korea Electric Power Corp. (015760), which will in turn sell the energy to areas near the plant including Asan city, according to a statement on Hyundai’s website on May 8.

The installation of about 40,000 solar photovoltaic modules with a peak capacity of 10 megawatts will be completed by the end of the year, the company said. The panels will occupy 68 percent of the plant’s roof space.

The roof will be able to supply stable energy to 3,200 households, and will help reduce more than 5,600 tons of carbon dioxide, according to the statement.

To contact the reporter on this story: Rose Kim in Seoul at rkim76@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

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