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15 Dec
10:32

LG Chem inks renewables power deal for Chinese battery facility

South Korea’s LG Chem has agreed a deal to acquire renewable energy to power its battery cathode material plant in China, Kallanish reports. Under the terms of the undisclosed power purchase agreement (PPA), LG Chem will acquire 140 gigawatt hours per year from Chinese renewable energy provider Yunfengxin Energy. The Leyou New Energy plant in the Jiangsu province of China will operate exclusively on renewable energy from 2021, reducing 100,000 tonn…
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