Q Energy offloads Spanish solar portfolio

• Pair of projects in Ciadad Real have begun construction as well as schedule online in 2024

Q Energy has actually shut a 76MW Spanish solar portfolio sale to an international investor with a concentrate on renewable resource.

The projects, in the Spanish province of Ciudad Real, comprises two separate solar sites with 38.3 MW capacity each in the municipalities of Manzanares and Brazatortas.

Construction is underway and also both developments are anticipated to begin procedures in 2024.

Q Energy, a subsidiary southern Korean firm Hanwha Solutions, will provide modules on trackers for the projects.

The transaction consists of agreements for construction, operation, and also maintenance of the plants.

Hanwha Solutions is energetic across the value chain of large-scale green energy projects and also has an advancement pipeline of around 15GW in Europe and also a solid footprint on the Iberian Peninsula with a 6GW pipeline in Spain alone.

Head of Green Energy Solutions Division Jaehan Lee claimed: "We are experiencing a high need for high-grade PV projects and for collaboration with skilled programmers that can also take over the construction and also subsequent operation and maintenance of the systems.

" At Q ENERGY, we have the ideal deals as well as competence to do this.

" The negotiations for the current sale were finished after just 3 months. We are also considering the transaction of more selected projects.

" Nevertheless, our emphasis stays on the effective advancement of our existing projects and also the simultaneous growth of our pipeline in the country."