Q Energy, a subsidiary of Hanwha Solutions, a South Korean company, has successfully sold a solar portfolio in Spain to an international investor focused on renewable energy.
The portfolio consists of two distinct solar projects, one in Manzanares and the other in Brazatortas, both located in the Spanish province of Ciudad Real. Each project has a capacity of 38.3MW, making a combined total of 76MW.
The construction of these projects is currently in progress, and it is anticipated that they will commence operations in 2024.
As part of the agreement, Q Energy will provide modules on trackers for the projects. Additionally, the transaction encompasses arrangements for the construction, operation, and maintenance of the solar plants.
Hanwha Solutions is actively involved in various aspects of large-scale green energy projects and has an extensive development pipeline of approximately 15GW across Europe. The company has a strong presence on the Iberian Peninsula, particularly in Spain, with a pipeline of 6GW.
Head of Green Energy Solutions Division, Jaehan Lee, said “We are experiencing a high demand for high-quality PV projects and for cooperation with experienced developers who can also take over the construction and subsequent operation and maintenance of the systems.”
“As Q ENERGY, we have the right offers and expertise to do this.”
“The negotiations for the current sale were completed after only three months. We are also considering the transaction of further selected projects.”
“However, our focus remains on the successful development of our existing projects and the simultaneous expansion of our pipeline in the country.”
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