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.、