Hyundai Engineering & Construction launched construction of a 350-megawatt solar power plant in Texas, marking the Korean builder’s latest move to establish a foothold in the competitive U.S. renewable energy sector.
The project, dubbed “LUCY,” carries a price tag of 750 billion won ($550 million) and involves a consortium of Korean state-linked entities including Korea Midland Power and Korea Overseas Infrastructure & Urban Development Corp. The facility spans 11.74 million square meters in Concho County, northwest of Austin, with commercial operations targeted for June 2027.
Power from the plant will be sold through virtual purchase agreements to corporate buyers including Starbucks and Workday, with annual output expected to reach 926 gigawatt-hours over a 35-year period. Construction will be handled by U.S. contractor Primoris, while Korea Midland Power oversees operations and maintenance.
The venture represents part of a broader Korean push into American clean energy infrastructure. Separately, Hyundai Engineering acquired a 260-megawatt solar project near Dallas from fellow Korean company OCI Energy, with completion planned for early 2027.
Hyundai E&C has positioned itself across multiple energy technologies, pursuing nuclear power and small modular reactor projects alongside solar development. The company’s U.S. expansion comes as Korean conglomerates seek to diversify beyond traditional construction markets while capitalizing on American clean energy incentives.
Despite recent policy uncertainties affecting renewable energy market access for foreign companies, the LUCY project secured regulatory exemptions due to its 2027 completion timeline.
