Potential offtaker

Hanwha Corporation

www.hanwhacorp.co.kr

Estimated electricity consumption

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Countries of production presence

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Hanwha Corporation is a South Korean conglomerate that operates in various sectors, including insurance brokers and services. The company was founded in 1952 and has since grown to become one of the largest corporations in South Korea, with a presence in over 60 countries worldwide. Hanwha Corporation is committed to sustainability and has taken significant steps towards decarbonisation and the adoption of renewable energy sources.

One of Hanwha Corporation's key initiatives is its commitment to corporate energy and decarbonisation. The company has set ambitious targets to reduce its carbon footprint and has implemented a range of measures to achieve these goals. These measures include the adoption of renewable energy sources, the implementation of energy-efficient technologies, and the use of carbon capture and storage technologies.

In addition to its commitment to decarbonisation, Hanwha Corporation has also embraced corporate power purchase agreements (PPAs) as a means of sourcing renewable energy. A corporate PPA is a contract between a company and a renewable energy provider, whereby the company agrees to purchase a certain amount of renewable energy over a set period. Hanwha Corporation has signed several corporate PPAs in recent years, including agreements to purchase wind and solar power from providers in South Korea and the United States.

Hanwha Corporation's commitment to renewable energy and decarbonisation is also reflected in its insurance services. The company offers a range of insurance products that are designed to support the adoption of renewable energy sources and the transition to a low-carbon economy. These products include insurance policies that cover renewable energy projects, such as wind and solar farms, as well as policies that protect against the risks associated with climate change, such as flooding and extreme weather events.

One of Hanwha Corporation's most significant renewable energy projects is its solar power plant in California, which has a capacity of 200 MW. The plant is one of the largest solar facilities in the world and is capable of generating enough electricity to power over 55,000 homes. The project is a testament to Hanwha Corporation's commitment to renewable energy and its ability to deliver large-scale projects that have a positive impact on the environment.

Hanwha Corporation is also involved in the development of new technologies that support decarbonisation and the adoption of renewable energy sources. The company has invested in research and development of technologies such as hydrogen fuel cells, which have the potential to replace fossil fuels in a range of applications. Hanwha Corporation has also developed a range of energy-efficient technologies, such as LED lighting systems and smart building management systems, which help to reduce energy consumption and carbon emissions.

In conclusion, Hanwha Corporation is a South Korean conglomerate that operates in various sectors, including insurance brokers and services. The company is committed to sustainability and has taken significant steps towards decarbonisation and the adoption of renewable energy sources. Hanwha Corporation has set ambitious targets to reduce its carbon footprint and has implemented a range of measures to achieve these goals. The company has embraced corporate power purchase agreements (PPAs) as a means of sourcing renewable energy and has signed several agreements in recent years. Hanwha Corporation's commitment to renewable energy and decarbonisation is also reflected in its insurance services, which include policies that support the adoption of renewable energy sources and protect against the risks associated with climate change. The company is also involved in the development of new technologies that support decarbonisation and the adoption of renewable energy sources. Hanwha Corporation's solar power plant in California is one of the largest solar facilities in the world and is a testament to the company's commitment to renewable energy and its ability to deliver large-scale projects that have a positive impact on the environment.

✓ Declared Net Zero commitment