Deals Counterparts

HD Hyundai Energy Solutions signs $85 million module supply deal for U.S. solar project

Supply Agreement Solar announced U.S. Apr 4, 2026
USD85M
Deal Value
Hillsboro Solar Project
Project

HD Hyundai Energy Solutions has signed an $85 million agreement to supply solar modules for the Hillsboro Solar Project in the U.S. This deal represents 30.3% of HD Hyundai Energy Solutions' projected 2024 revenue. The agreement highlights the company's advanced manufacturing capabilities and commitment to quality. The transaction enhances HD Hyundai Energy Solutions' presence in the utility-scale solar market.

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Deal Analysis

HD Hyundai Energy Solutions has signed an $85 million agreement to supply solar modules for the Hillsboro Solar Project in the U.S. The deal represents 30.3% of HD Hyundai Energy Solutions' projected 2024 revenue. HD Hyundai Energy Solutions is the supplier in this transaction, while the Hillsboro Solar Project is the buyer. The agreement was announced on 2026-04-04. The deal is valued at $85 million and is a supply agreement for a U.S. solar project.
  • $85 million deal value
  • 30.3% of HD Hyundai Energy Solutions' projected 2024 revenue
  • Hillsboro Solar Project as the buyer
  • 2026-04-04 announcement date
  • U.S. as the project location

Source Intelligence

KEY DETAILS

Module deliveries are scheduled between the second quarter of 2026 and the first quarter of 2027. Under the agreement, the project will deploy high-output glass-to-glass (G2G) bifacial modules manufactured entirely at the company’s advanced smart factory in South Korea. The company highlighted that its vertically integrated manufacturing capabilities enable compliance with stringent U.S. requirements for supply chain transparency, traceability, and quality assurance. The development follows the company’s entry into the top 10 residential solar suppliers in the Americas in 2025 and builds on its track record of supplying high-efficiency solar cells to U.S.-based manufacturers. With this contract, the company is further expanding its footprint in the United States utility-scale solar segment by delivering fully assembled modules. HD Hyundai Energy Solutions also operates an in-house research and testing center certified by UL, ensuring compliance with international standards through rigorous internal validation processes. The company stated that its testing protocols are designed to ensure long-term reliability and performance of its modules, particularly in large-scale and demanding environments. In addition, the company has recently established a dedicated task force to initiate in-house solar inverter development and is currently evaluating options for manufacturing key solar equipment within South Korea.

Deal Size
HD Hyundai Energy Solutions has secured a major module supply agreement for a utility-scale solar project in the United States, reinforcing its position in the global solar market. The company announced that it has signed a contract worth approximately $85 million with Hillsboro Solar Project LLC.
Location
HD Hyundai Energy Solutions has secured a major module supply agreement for a utility-scale solar project in the United States, reinforcing its position in the global solar market.
Financials
The deal represents around 30.3% of HD Hyundai Energy Solutions’ annual revenue based on its 2024 financial results.
PARTIES MENTIONED IN SOURCE
H
HD Hyundai Energy Solutions seller

"HD Hyundai Energy Solutions has secured a major module supply agreement for a utility-scale solar project in the United States, reinforcing its position in the global solar market."

H
Hillsboro Solar Project LLC buyer

"The company announced that it has signed a contract worth approximately $85 million with Hillsboro Solar Project LLC."

high quality Enriched Apr 4, 2026

Timeline

Announced
Apr 4, 2026
Signed
Closed

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