Hanwha Q Cells acquires 1 GW of PV projects in Spain

• The projects lie across a number of Spanish provinces. The seller is Spanish developer RIC Energy.

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.