Hanwha Q CELLS Successfully Sells 142MW Solar Power Project in the US

Business Development, EPS, Module Supply
Green Energy Solution Emerges Prominently

Hanwha Solutions Q CELLS Division (Hanwha Q CELLS) announced on the 2nd that it has sold a 142MW solar power generation project located in Washington State, USA, to Puget Sound Energy, the largest utility energy supplier in Washington State.

Hanwha Q CELLS, which carried out the initial development work of the power generation project including site selection, acquisition, and obtaining permits, will continue to supply equipment and perform engineering, procurement, and construction (EPC) services even after selling the power generation rights.

Hanwha Q CELLS' 50MW solar power plant in California, USA, completed in May (Provided by Hanwha Q CELLS)

This power plant, located in Garfield County, Washington, is owned by PSE and will begin commercial operation in December 2026, supplying renewable energy power to more than 30,000 households. Hanwha Q CELLS plans to start EPC in 2025 and complete construction by the end of 2026, creating approximately 300 jobs during the construction period.

Hanwha Q CELLS is achieving significant results in the green energy solutions business, which develops and constructs renewable energy projects. In this project as well, Hanwha Q CELLS optimized its profit structure by selling development assets before performing EPC, improving project stability, and securing orders for its core competencies in module supply and EPC business.

In July, Hanwha Q CELLS began EPC after developing a 257MW solar power plant in Colorado, USA. In May, it completed a 50MW solar power plant and a 200MWh energy storage system (ESS) project in California, and in April, it completed a 150MW solar power plant in Wyoming.

Additionally, Hanwha Q CELLS plans to supply and install solar modules produced at the 'Solar Hub' in Georgia, USA, to the power plants. Operating the largest solar module manufacturing plant in North America, Hanwha Q CELLS is highly preferred by U.S. solar power project developers who favor domestically produced products due to the Inflation Reduction Act (IRA). The Solar Hub currently has a production capacity of 8.4GW of modules, and when the plant is fully operational next year, it will secure production capacities of 3.3GW each for ingots, wafers, and cells.

Kim Ik-pyo, Head of Hanwha Q CELLS Green Energy Solutions (GES) Division, said, "With the increasing electricity demand and acceleration of renewable energy transition, Hanwha Q CELLS will strengthen its position as a key player capable of providing an integrated service from module production to power project development and EPC business in the U.S. renewable energy power generation sector, where continuous growth is expected."

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