• Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Corporate News
  • Generation
  • Oil & Gas
  • Regulation
  • Renewable
    • Climate
    • Solar
    • Wind
  • Storage
  • Tech
  • T & D
Energy News Desk Logo

Energy News Desk

Energy News and Data

Q CELLS Secures Development Rights for Spanish Solar Portfolio

November 6, 2020 by Solar Industry Mag

Q CELLS, a total energy solutions provider in solar cell and module, energy storage, downstream project business and energy retail, has secured the project development rights for a 429 MWp solar portfolio in Spain from RIC Energy.

Q CELLS’s downstream business unit signed the agreement to purchase 429 MWp of new solar capacity in Spain, which is projected to achieve ready to build status by the fourth quarter of 2021. RIC Energy, the renewable energy developer from which the portfolio was acquired, has agreed as part of the sale to oversee the development of the 10 sites to bring them to ready to build status over the next year.

All 10 of the project sites are located in Spain’s autonomous communities of Aragon and Castilla y León in Spain’s inner northwest region. 

“Q CELLS is delighted to have added a further 429 MW of solar project rights to our growing pipeline in Spain,” says Sang Chull Chung, head of the downstream business unit at Q CELLS. “As a global total energy solutions provider, we are committed to supporting the ongoing energy transition of Spain towards a cleaner, greener future – and are pleased to continue strengthening our relationship with RIC Energy in order to do so.”

The completion of this latest acquisition from RIC Energy follows an earlier deal completed at the end of 2019 which saw Q CELLS purchase the rights to develop 940 MWp of solar project capacity from RIC Energy in what – at the time – was one of the largest renewable energy deals in Iberia. These projects are expected to reach ready to build status at the beginning of 2022.

This deal further underlines Q CELLS’ commitment to developing renewable energy in Iberia. Across Spain and Portugal combined, Q CELLS will deliver more than 3.5 GW of clean solar energy to the nations’ grids over the next few years.

Filed Under: Renewable, Solar

Primary Sidebar

Join The Daily Charge

This week's top 5 stories in your inbox. No spam ever.

Trending

  • Vineyard Wind Appoints Oytan as Deputy CEO
  • Takkion Holdings Adds O&M Solutions Provider to Offerings
  • Emerson Acquires Open Systems Int. Inc.
  • This Arkansas school turned solar savings into better teacher pay
  • First Semi-Submersible Floating Wind Farm is Fully Operational
  • Solar Industry News Verizon Inks Power Contract With Lightsource bp for Indiana Solar
  • NV Energy Receives PUCN Approval for Solar+Storage Projects
  • Emerson Agrees to Purchase OSI Inc.
  • CPS Energy Issues RFP Seeking Solar, Energy Storage
  • eia.gov logo EIA expects higher wholesale U.S. natural gas prices in 2021 and 2022

Footer

Trending

  • Vineyard Wind Appoints Oytan as Deputy CEO
  • Takkion Holdings Adds O&M Solutions Provider to Offerings
  • Emerson Acquires Open Systems Int. Inc.
  • This Arkansas school turned solar savings into better teacher pay
  • First Semi-Submersible Floating Wind Farm is Fully Operational

Recent

  • Quick Tips To A Sustainable Future
  • Stem Provides Smart Energy Storage Solutions to Today’s Power
  • EIA's AEO2021 shows U.S. energy-related CO2 emissions rising after the mid-2030s
  • Homeowners associations still a barrier for some would-be solar customers
  • Commentary: With open standards, U.S. can build EV charging infrastructure faster

Search

Contact Us

Write For Us

  • Email
  • Facebook
  • Twitter

Copyright © 2023 · EnergyNewsDesk.com