LG Chem inks biggest corporate purchase of wind power in Korea


LG Chem has secured a 20-year agreement to purchase clean electricity from two wind farms in South Korea, facilitated by the Korea Electric Power Corporation. The wind farms, with a combined capacity of 241 megawatts, are located in Yeongdeok and Yangyang, North Gyeongsang Province. LG Chem will receive 615 gigawatt-hours of energy annually, making it the largest amount of wind-generated renewable energy purchased by a private company in South Korea. The deal, which includes renewable energy certificates, will commence in 2026 and continue for 20 years. This move aligns with LG Chem's goal to reduce carbon emissions and achieve net zero by 2050. The company aims to use only renewable energy across its facilities producing battery and eco-friendly materials, with the cathode plant in Cheongju being fully powered by renewable energy. LG Chem is committed to transitioning to eco-friendly energy and building its business portfolio based on sustainability, in line with its broader efforts to lead in global low-carbon initiatives and meet the increasing demands from its global clients for eco-friendly energy use.


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