Hanwha's Qcells signs PPA for 150-MW solar project in Wyoming

• Qcells, a division of South Korea's Hanwha Solutions Corp (KRX:009830), has actually become part of a power acquisition arrangement (PPA) in the US for the electrical power that will certainly be generated by a new 150-MW solar park in the state of Wyoming.

The firm said in a declaration on Wednesday that this is the very first time it straight deals with the advancement, procurement and construction of a solar energy plant while also signing an off-take contract for its output. It did not give information regarding the counterparties to the arrangement.

Qcells expects to develop the solar energy plant by the end of following year. At that point, the center will have the capacity to generate some 350 GWh of electricity annually.

The business has already completed constructing one solar power terminal in Texas with a capacity of 168 MW and is presently establishing an energy storage space system of 380 MWh in the state. It claimed it prepares to actively progress right into the power plant organization.