Hanwha Energy offers 204-MW Spanish solar project to Amarenco

• South Korean energy solutions business Hanwha Energy said on Wednesday it had actually lately sold a 204-MW solar project under growth in Spain to Ireland-based independent power producer (PPA) Amarenco.

Financial details were not disclosed.

Hanwha Energy got legal rights to the project, sited in Spain's region of Castile and Leon, in 2019. The business had plans to start construction of the solar farm in September this year and also launch business operation in August 2024, it claimed.

The most up to date is the 2nd purchase in between Hanwha Energy as well as Amarenco. In late 2020, the French-Irish IPP acquired a 50-MWp solar farm in Seville from Hanwha Energy.

Hanwha, via system QEnergy Solutions, is additionally preparing to market around 1.1 GWp of solar assets in Spain, Spanish business paper El Economista reported on Tuesday, citing financial sources.

The South Korean group is reported to have kept KPMG as financial as well as law firm Uria Menendez as lawful experts on the sale. According to the news report, Hanwha is reviewing two sorts of transactions-- one where it will certainly sell 14 solar farms amounting to 740 MWp, and an additional for the sale of a 50% stake in a vehicle that holds 330 MWp to 400 MWp of solar farms.

A third purchase, which would have entailed the sale of a 50% stake in a vehicle with 489 MWp of renewables assets in Portugal, has been parked in the meantime, El Economista reported.