▶ Signs 12.4 MWp Power Purchase Agreement (PPA) for Incheon Plant
▶ Boosts Korea operations' renewable energy share to 40%—equivalent to planting 3.36 million pine trees
▶ Drives toward 2050 Net-Zero through solar installation and replacing high-emission facilities

HD Construction Equipment is accelerating its push to achieve RE100 by 2040 by expanding the use of renewable energy across its manufacturing sites.

On the 6th, HD Construction Equipment announced that it recently signed Power Purchase Agreements (PPAs) totaling 12.4 MWp (Megawatt-peak) with multiple renewable energy developers for its Incheon plant.

Under this contract, the share of renewable energy used at the Incheon plant is expected to more than double, rising from 19% to 43.9% by January 2027. Additionally, HD Construction Equipment is enhancing its renewable energy usage at other key facilities across the country, with Ulsan expected to reach 42% and Gunsan projected to achieve 53.1% by the same date.

The overall renewable energy utilization rate across all HD Construction Equipment facilities in South Korea is projected to climb from 22% to 40.3%. This transition will reduce annual greenhouse gas emissions by 22,155 tons, delivering an environmental impact equivalent to planting approximately 3.36 million 30-year-old pine trees.

In 2023, HD Construction Equipment became the first in its industry to join the RE100 initiative, officially committing to a 100% renewable energy target by 2040. According to a 2025 report by the Korea Energy Economics Institute (KEEI), the average renewable energy adoption rate among South Korean companies disclosing under RE100 standards stands at around 12%.

RE100 is a global initiative launched in 2014 by the international non-profit Climate Group in partnership with the Carbon Disclosure Project (CDP). The campaign calls on participating corporations to source 100% of their electricity from renewable energy, such as solar and wind power.

In addition to these agreements, HD Construction Equipment is actively expanding its on-site renewable energy procurement and carbon reduction initiatives by installing solar power systems, purchasing Renewable Energy Certificates (RECs), and replacing high-emission facilities. To maximize energy efficiency across its manufacturing processes, the company operates a Factory Energy Management System (FEMS) that monitors energy consumption by individual production process in real time. Last year, the system identified significant power loss stemming from an aging transformer at the Incheon plant; replacing it with a high-efficiency model cut energy loss by 45% and substantially optimized renewable power utilization. 

"Expanding the use of renewable energy is a critical task for securing sustainable manufacturing competitiveness," stated an official from HD Construction Equipment. "We will consistently increase our procurement of external renewable energy and enhance our self-generation efforts to successfully meet our RE100 target by 2040 and our Net-Zero target by 2050."