A 200 MW solar project has officially entered the construction phase in Hill County, Texas, as Hyundai Engineering begins work on the Hillsborough Solar Power Plant, marking another addition to the state’s rapidly expanding renewable energy capacity.
Hyundai Engineering is developing the project in the United States, with commercial operation scheduled for December 2027. Once completed, the facility is expected to generate approximately 476 gigawatt-hours (GWh) of electricity annually, enough to power about 46,000 U.S. households.
Project Scope and Energy Output
The Hillsborough Solar Power Plant is a utility-scale solar facility designed to deliver 200 MW of clean energy to the Texas grid. Its projected annual generation of 476 GWh will help strengthen grid stability while supporting growing electricity demand across residential, commercial, and industrial sectors.
Texas continues to lead the United States in large-scale solar deployment, driven by strong electricity demand from population growth, industrial expansion, and data center development that is placing increasing pressure on ERCOT’s grid. The state is also seeing a surge in utility-scale projects moving into construction, including the recently launched $750 million, 457 MW Tormes Solar Project in Navarro County, underscoring a broader pipeline of multi-hundred-megawatt renewable energy investments coming online across Texas.
Financing and Investment Structure
Hyundai Engineering has secured $310 million in project financing through a four-lender consortium consisting of:
- Korea Development Bank (KDB)
- Crédit Agricole CIB
- OCBC Bank
- Siemens Financial Services
This financing package reflects strong institutional confidence in the long-term viability of utility-scale solar projects in the U.S. energy market.
RE100 and Industrial Energy Demand
A significant share of the electricity generated will support Hyundai Motor Group’s RE100 commitments across North America. The clean power is expected to help operate key manufacturing facilities, including the Hyundai Motor Alabama Plant, Kia Georgia Plant, and Mobis Alabama Plant.
This positions the project as part of a broader strategy to decarbonize industrial operations and align manufacturing supply chains with global renewable energy targets.
Equipment Supply Agreement
HD Hyundai Energy Solutions has secured an $85 million contract to supply solar modules for the 200 MW facility. The agreement reinforces coordination within the Hyundai Group ecosystem while supporting large-scale solar deployment in the United States.
Strategic Expansion in Energy Development
The Hillsborough Solar Project also marks a milestone for Hyundai Engineering as it expands beyond traditional EPC roles into full-scale energy project development.
The company now oversees the complete project lifecycle, including development, permitting, financing, and operations, strengthening its position in global renewable energy markets.
Looking ahead, Hyundai Engineering plans to expand further into renewable energy, small modular reactors (SMRs), and hydrogen projects, with a focus on North America and Europe.
Hillsborough Solar Project – Factsheet
Project: Hillsborough Solar Power Plant
Location: Hill County, Texas, United States
Capacity: 200 MW
Developer: Hyundai Engineering
EPC / Equipment Supplier: HD Hyundai Energy Solutions (solar modules supplier)
Financing
- Project financing secured: $310 million
- Lenders: Korea Development Bank (KDB), Crédit Agricole CIB, OCBC Bank, Siemens Financial Services
Construction Status: Under construction following groundbreaking ceremony held in 2026
Commercial Operation Date (COD): December 2027
Annual Power Generation: Approximately 476 GWh per year
Household Equivalent: Power supply for about 46,000 U.S. homes annually
Offtake
Supports Hyundai Motor Group RE100 commitments across North America, including manufacturing facilities in Alabama and Georgia
Project Purpose
Utility-scale solar generation to support grid stability, renewable energy expansion, and industrial decarbonization in the United States
Strategic Importance
- First fully integrated overseas renewable energy development by Hyundai Engineering
- Expands Hyundai’s role from EPC contractor to full lifecycle energy developer
- Strengthens renewable energy investment pipeline in Texas and broader U.S. market
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