{"id":551398,"date":"2026-01-29T11:05:27","date_gmt":"2026-01-29T11:05:27","guid":{"rendered":"https:\/\/www.europesays.com\/us\/551398\/"},"modified":"2026-01-29T11:05:27","modified_gmt":"2026-01-29T11:05:27","slug":"524m-korean-led-solar-project-nw-of-austin-breaks-ground-in-dallas-dallas-innovates","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/551398\/","title":{"rendered":"$524M Korean-Led Solar Project NW\u00a0of Austin Breaks Ground\u2014in\u00a0Dallas \u00bb Dallas Innovates"},"content":{"rendered":"

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Hyundai Engineering & Construction is leading the LUCY Project, a $524M solar project in Concho County, Texas. [Photo: Hyundai E&C]<\/p>\n

The LUCY Project is a Korean-led, $524 million venture to build a 350MW solar power plant in Concho County, 150 miles northwest of Austin. Located on the Edwards Plateau on a site as big as 1,653 soccer fields, it could <\/strong>power over 250,000 households for 35 years after completion\u2014but its power has already been contracted by Starbucks, Workday, and other corporations. So why did its \u201cgroundbreaking\u201d happen in Dallas Tuesday?\u00a0<\/strong><\/p>\n

For one thing, the ceremony was relocated to North Texas due to the same severe ice and cold that\u2019s brought Dallas to a standstill in recent days. But an even bigger reason? The company handling the construction on the project is Dallas-based Primoris Renewable Energy, a division of Primoris Services Corp. (Dallas Innovates last wrote about Primoris in October, when longtime Jacobs executive Koti Vadlamudi<\/a> was named as the company\u2019s new president and CEO.)<\/p>\n

Primoris is serving as the project\u2019s engineering, procurement, and construction (EPC) contractor. Operations will be managed by Korea Midland Power and will be based out of San Angelo.<\/p>\n

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Project Lucy groundbreaking: From Left to Right, Komipo America President, Byung euk Koh; Primoris Renewable Energy SVP, Brad Hise; The Head of the Consulate at the Consulate of the Republic of Korea in Dallas, KwangHeon Doh, Komipo America President, Youngjo Lee; Hyundai Engineering and Construction COO, Kyeongsoo Kim, EIP Asset Management CEO, Hee-Jun Park, High Road Energy Marketing CEO, Darrick Eugene, EIP Asset Management Managing Director, Nathan Choi, Principal Landowner, Charles Smith. [Photo: Business Wire]<\/p>\n

\u2018Team Korea,\u2019 headed by Hyundai E&C, is leading the project<\/p>\n

The LUCY Project is being led by \u201cTeam Korea,\u201d headed up by Hyundai Engineering & Construction together with private and public enterprises and policy funds including Korea Midland Power, Korean Overseas Infrastructure & Urban Development Corporation (KIND), EIP Asset Management, and the PIS Fund.<\/p>\n

The project is a big deal for Hyundai E&C, because it marks the company\u2019s entry into the U.S. energy market as a construction investor.\u00a0<\/p>\n

The project also marks the first time Hyundai E&C has moved beyond its traditional focus on overseas government contracts to solidify its position in the global project financing market, the company added.\u00a0<\/p>\n

From the LUCY Project\u2019s early development stages, Hyundai E&C handled equity investment, technical reviews, and the supply of solar modules.<\/p>\n

Hyundai E&C said its teams have distinct missions on the project. Its Overseas Investment Team aimed for equity investment and overall profitability enhancement, while the company\u2019s New & Renewable Energy Business Team focused on maximizing profit from the project\u2019s module supply and construction aspects, the company added.<\/p>\n

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\tR E A D\u00a0\u00a0 N E X T\t<\/p>\n