Hyundai E&C Signs Strategic MoU with Webuild for Large-Scale Infrastructure and Energy Projects
Hyundai E&C and Italian construction giant Webuild have signed a memorandum of understanding to jointly pursue large-scale infrastructure and pumped storage hydro energy projects in advanced markets.
189 GW
5%
What Happened
Hyundai E&C and Webuild signed a strategic MoU on March 13, 2026, at Webuild's Rome headquarters. The agreement aims to cooperate on large-scale infrastructure and energy projects, including pumped storage hydroelectricity, high-speed railways, and airports. The partnership will target advanced markets in Europe, North America, Asia-Pacific, and the Middle East.
189 GW
According to the 2025 World Hydropower Outlook, capacity grew 5% year over year, driven by renewable energy expansion and grid stability needs.
“As the undisputed, pioneering construction leader that has played a major role in building large-scale infrastructure at home and abroad, Hyundai E&C has consistently strengthened its global business capabilities by executing projects in a diverse array of countries. Through this agreement, we will establish a long-term strategic partnership to focus on expanding our overseas market presence, part”
Webuild specializes in mega-scale engineering projects such as railways, tunnels, dams, and pumped storage hydro. In 2025, it ranked among the top international contractors by ENR and secured first place in the water resources sector. Hyundai E&C brings its own expertise in large-scale hydroelectric plants, tunnels, and deep underground spaces, aiming to create synergy and accelerate advanced market expansion.
Why this matters
This partnership positions Hyundai E&C to expand its global footprint in mega-infrastructure and renewable energy storage, leveraging Webuild's expertise and market presence.
Terms in This Story
- MoU
- Memorandum of Understanding, a non-binding agreement outlining mutual intentions for cooperation.
- Pumped storage hydroelectricity
- A method of storing energy by pumping water to a higher reservoir and releasing it to generate electricity when needed, acting as a long-duration energy storage system.
- ENR
- Engineering News-Record, a US-based publication that ranks international contractors annually.
- IHA
- International Hydropower Association, an organization that publishes the World Hydropower Outlook and promotes sustainable hydropower.
Summarised from the linked release; details can be imperfect — always verify against the original source.