Hanwha Energy concluded a contract to sell a 50MW solar power plant located in the Sevilla area of southern Spain on Nov. 27, the company said on Dec. 12..
After completing the development by acquiring the right to develop solar power in Sevilla, Spain in December 2018, Hanwha Energy began construction of the power plant in February this year and is set to start commercial operation in December.
The solar power plant is expected to produce energy that meets the power needs of 13,997 households, causing a reduction of 51,977 tons of greenhouse gases (CO2) emitted by 10,192 vehicles.
The buyer is Amarenco Solar Limited, headquartered in Cork, Ireland, and actively engages in solar energy business in France and Ireland. It has been expanding its business area since last year after selecting Spain as a new strategic hub.
A company official said, "The conclusion of this contract is significant in that after Hanwha Energy entered the European market, it proved its expertise and business capability as a solar energy business operator in the European market by successfully carrying out all the steps from the stage of solar energy business development to the construction and sale of power plants and generating profits accordingly."