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