Hanwha Q Cells acquires 1 GW of PV projects in Spain

From pv magazine Spain.

Korea-based solar module manufacturer Hanwha Q Cells has acquired a 1 GW PV project pipeline in Spain.

The company bought the projects from Spanish developer RIC Energy for an undisclosed sum. “We finalized the transaction on December 31,” a company’s spokesperson told pv magazine.

The porftfolio consists of 20 ready-to-build utility-scale projects located across the Spanish provinces of Sevilla, Córdoba, Jaén, Teruel, Zaragoza, Cádiz, Valladolid, Palencia and Badajoz.

In a previous article on the matter, Spanish financial newspaper El Confidencial had valued the transaction at around €80 million. No more details on the projects were made public.

Pilar Sánchez Molina

Pilar worked as managing editor for an international solar magazine, in addition to editing books, primarily in the fields of literature and art. She joined pv magazine in May 2017, where she manages the Spanish newsletter and website and helps write and edit articles for the daily news section in Latin America.

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