South Australia and Hyundai E&C Join Forces for Renewable Future
Key Ideas
  • South Australia and Hyundai E&C signed an MoU to collaborate on renewables, hydrogen, housing, and infrastructure projects, highlighting the state's commitment to decarbonisation.
  • Hyundai E&C, a global construction and engineering firm, brings its expertise in various sectors including renewables, infrastructure, and residential construction to support South Australia's goals.
  • The partnership aims to boost investment projects, job creation, and establish South Australia as a global leader in the transition to net-zero, with an ambitious target of 100% net renewables by 2027.
  • The MoU sets the stage for deeper engagement between Hyundai E&C and South Australian government agencies to explore and execute infrastructure projects, leveraging Hyundai's diverse capabilities.
A new Memorandum of Understanding (MoU) signed between South Australia and Hyundai Engineering and Construction (Hyundai E&C) marks a significant step towards collaboration in various sectors including renewables, hydrogen, housing, and infrastructure. The MoU, signed by South Australia’s Trade and Investment minister Joe Szakacs, aims to strengthen the state's global position in the transition to net-zero. Hyundai E&C, known for its expertise in construction and engineering, brings its capabilities in renewables, infrastructure projects, and residential construction to support South Australia's decarbonisation goals. Through this partnership, the parties intend to boost investment projects, create job opportunities, and solidify South Australia's reputation as a leader in the net-zero journey. Hyundai E&C's diverse capabilities in renewables, such as solar and wind farms, battery energy storage, offshore wind, and hydrogen, align well with South Australia's renewable energy targets. The MoU also opens avenues for Hyundai E&C to collaborate with South Australian government agencies and explore additional infrastructure projects, particularly in the housing sector. With South Australia aiming for 100% net renewables by 2027 and a 50% reduction in greenhouse gas emissions by 2030, the partnership with Hyundai E&C signifies a significant step towards achieving these ambitious targets.
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