HD Construction Equipment Expands Renewable Energy Use, Accelerates Efforts to Achieve RE100 by 2040

Share of Renewable Energy at Domestic Sites to Exceed 40% Within This Year
Installing Solar Power Facilities and Replacing High-Emission Equipment

HD Construction Equipment is accelerating its efforts to achieve RE100 by 2040 through expanding the use of renewable energy at its business sites.

HD Construction Equipment announced on August 6 that it has recently signed power purchase agreements (PPA) for a total of 12.4 megawatt-peak (MWp) of renewable electricity with multiple renewable energy producers at its Incheon plant.

HD Construction Equipment Incheon Factory powered by renewable energy such as solar power generation facilities. HD Construction Equipment

As a result of this contract, the share of renewable energy used at the Incheon plant will more than double, rising from 19% in January 2027 to 43.9%. During the same period, the proportion of renewable energy use is expected to increase to 42% at the Ulsan plant and 53.1% at the Gunsan plant.

The total share of renewable electricity across all HD Construction Equipment business sites in Korea is expected to rise from the current 22% to 40.3%. The company expects this to reduce annual greenhouse gas emissions by 22,155 tons, which is equivalent to planting approximately 3.36 million 30-year-old pine trees.

In 2023, HD Construction Equipment became the first in the construction equipment industry to join RE100 and declared its commitment to achieve RE100 by 2040. According to a 2025 report by the Korea Energy Economics Institute (KEEI), the average renewable energy usage rate among domestic companies disclosed under RE100 standards stands at about 12%.

RE100 is a global campaign that started in 2014, led by the multinational non-profit The Climate Group and the Carbon Disclosure Project (CDP). Under the campaign, companies are required to convert 100% of their electricity consumption to renewables such as solar and wind power.

The company is also undertaking activities to expand internal renewable energy procurement and reduce carbon emissions, including the installation of solar power generation facilities, the purchase of renewable energy certificates, and the replacement of high-emission facilities. To reduce energy consumption at business sites, HD Construction Equipment is operating an energy management system (FEMS) that allows monitoring of energy consumption status by process.

A representative from HD Construction Equipment said, "Expanding the use of renewable energy is a key task for securing sustainable manufacturing competitiveness," adding, "We will continue to expand both external renewable energy procurement and self-generation to faithfully achieve RE100 by 2040 and carbon neutrality by 2050."

This content was produced with the assistance of AI translation services.