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Hanwha Solutions to develop 500 MW solar power project in Europe



South Korean pioneer Hanwha Solutions Corp has announced plans to co-develop a 500 MW solar power development project in Europe.


For this, Hanwha Q Energy, Hanwha Solutions' wholly-owned subsidiary in Germany, will work with a German renewable energy firm Enviria Energy. Hanwha Solutions launched Q Energy to oversee its energy business in Europe.


According to the company, it will co-develop 38 solar power plant projects, with the size in the range of 2-70 MW each.


Through these projects, the company aims to tap deeper into the region with its clean energy business.


In a press release, Hanwha stated that 500 MW of power is enough to provide electricity to 150,000 households per year in Germany.


"By 2025, Hanwha Solutions plans to build and sell solar power plants there or operate them directly and sell electricity," the company stated. The company also plans to expand the renewable energy business to wind power, energy storage systems and others.

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