Hanwha Q CELLS to Build 50MW Solar Power Plant in Spain... Electricity for 70,000 Households

Hanwha Q CELLS' solar power plant located in Brandenburg, Germany.

[Asia Economy Reporter Kim Hyewon] Hanwha Solutions Q CELLS Division (hereinafter Hanwha Q CELLS) announced on the 10th that it will build a 50MW solar power plant in the Jerez de la Frontera area in southern Spain and take charge of its operation and maintenance. A 50MW capacity is enough to supply electricity for about 70,000 households annually based on domestic standards.

Hanwha Q CELLS initially secured the development rights for the solar power plant project in the area and transferred 100% of its shares to Next Energy Capital (NEC), a UK renewable energy developer, in June. At the power plant owned by NEC, Hanwha Q CELLS will perform EPC (Engineering, Procurement, and Construction) and O&M (Operation and Maintenance), and plans to complete the power plant by the third quarter of next year.

The renewable energy market in Europe is growing in scale every year. According to a report released by the International Renewable Energy Agency (IRENA) in April this year, the electricity production from renewable energy in the European Union (EU) last year recorded 609GW, a 6% increase compared to the previous year. It accounts for 22% of the world's renewable energy generation capacity, ranking second after Asia (1286GW, 46%) as the region with the highest renewable energy capacity.

Solar power is also establishing itself as a growth engine for green energy in Spain. According to the Spanish Solar Energy Association UNEF, a total of 3.4GW of new solar power was installed in Spain last year. Following the installation of 4.2GW in 2019, Spain has actively introduced renewable energy by exceeding 3GW annually.

Hanwha Q CELLS has secured 15GW of renewable energy project rights globally. Among these, the Iberian region, including Spain and Portugal, accounts for 5GW of project rights.

A Hanwha Q CELLS official said, "We will successfully carry out the solar power plant project in Spain and demonstrate world-class EPC and O&M capabilities," adding, "In line with the EU's policy to expand renewable energy installations, Hanwha Q CELLS will continue to solidify its position as a comprehensive renewable energy company in Europe."

This content was produced with the assistance of AI translation services.