Hanwha Q Cells acquires 1 GW of PV projects in Spain

Feb 7, 2020 12:52 PM ET
  • The projects lie across a number of Spanish provinces. The seller is Spanish developer RIC Energy.
Hanwha Q Cells acquires 1 GW of PV projects in Spain
Image: Hanwha Q Cells

Korea-based solar module supplier Hanwha Q Cells has actually gotten a 1 GW PV project pipe in Spain.

The firm acquired the projects from Spanish developer RIC Energy for an undisclosed sum. "We settled the purchase on December 31," a business speaker told pv magazine.

The portfolio contains 20 ready-to-build utility-scale projects situated across the Spanish districts of Sevilla, Córdoba, Jaén, Teruel, Zaragoza, Cádiz, Valladolid, Palencia and Badajoz.

In a previous article on the matter, Spanish economic newspaper El Confidencial had actually valued the transaction at around EUR80 million. Say goodbye to details on the projects were revealed.


SOLAR DIRECTORY
Solar Installers, Manufactures