Nexen Tire accelerates shift to renewable energy at Korean plants
Nexen Tire is moving to increase renewable energy use at its Korean factories, signing a direct power purchase agreement and expanding solar generation as global automakers press suppliers to cut emissions. The tire maker said Monday that it signed a renewable energy direct power purchase agreement with SK Innovation E&S, allowing it to buy electricity directly from a renewable energy supplier.…
Nexen Tire is accelerating its transition towards renewable energy at its Korean manufacturing facilities. The automotive tire producer has signed a direct power purchase agreement for renewable energy with SK Innovation E&S, enabling it to procure electricity directly from a renewable energy source. Starting in November, Nexen's Yangsan plant in South Gyeongsang Province will receive approximately 4 megawatts of renewable power, sourced from a combination of onshore wind and solar energy.
This arrangement is projected to generate around 6 gigawatt-hours of electricity annually, enough to power roughly 1,600 households for a year, while simultaneously reducing greenhouse gas emissions by about 2,700 metric tons of carbon dioxide annually.
In addition to this, Nexen Tire intends to augment solar power generation at its Changnyeong plant in South Gyeongsang Province. The company aims to gradually replace its existing rooftop facilities, which are currently leased, with solar systems that it will own and operate. By 2022, the Changnyeong plant is expected to have over 10 megawatts of solar capacity.
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- Nexen Tire accelerates shift to renewable energy at Korean plants koreatimes.co.kr
