Hanwha Qcells starts building massive solar farm in Colorado - koreatimes
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<div class="date">Tue, July 16, 2024 | 15:51</div>
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<div class="view_headline LoraMedium">Hanwha Qcells starts building massive solar farm in Colorado </div>
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<div class="view_date">Posted : 2024-07-16 14:53</div>
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<div id='startts'> <div class="editor-img-box" style="margin-left: auto; margin-right: auto; margin-bottom: 30px; width: 740px;"><img style="display: block; width: 100%;" src="https://newsimg.koreatimes.co.kr/2024/07/16/2908439f-e9ae-46c9-940b-056…; alt="The site for Hanwha Solutions Qcells Division's solar farm in Weld County, Colorado. / Courtesy of Hanwha Solutions" /><div class="caption"><p>The site for Hanwha Solutions Qcells Division's solar farm in Weld County, Colorado. / Courtesy of Hanwha Solutions</p></div></div><div class="writer"><span class="name">By Park Jae-hyuk</span></div><p class="editor-p">Hanwha Solutions Qcells Division has started constructing a massive solar farm in the United States for a 257-megawatt solar power generation project, the company said, Tuesday.</p><p class="editor-p">Last Wednesday, Hanwha Qcells held a groundbreaking ceremony with Platte River Power Authority (PRPA), the off-taker from the solar farm, to begin the full-fledged construction of the photovoltaic power station in Weld County, Colorado.</p><p class="editor-p">Hanwha Qcells also plans to take charge of engineering, procurement and construction (EPC) for the project, which is aimed at building a solar farm on 5.6 square kilometers of land in Weld County, Colorado, by supplying over 540,000 photovoltaic modules.</p><p class="editor-p">The solar farm will start its commercial operation gradually in 2025. Under the power purchase agreement, it will supply electricity generated from renewable energy sources to PRPA.</p><p class="editor-p">“With this project, Hanwha Qcells has seized another business opportunity through the integration of our U.S. solar power business and EPC,” Hanwha Qcells CEO Lee Koo-yung said. “Hanwha Qcells will complete the construction successfully and maximize profits after reviewing various options, including the sale of assets.”</p><p class="editor-p">Hanwha Qcells has been handling a series of development and EPC related to large-scale green energy projects in the U.S.</p><p class="editor-p">In May, the company completed a project to build a power plant equipped with 50-megawatt solar modules and 200-megawatt-hour energy storage systems (ESS). This facility supplies electricity to Meta, one of the biggest tech firms in the U.S.</p><p class="editor-p">In April, Hanwha Qcells completed the construction of a 150-megawatt solar farm in Wyoming after handling the project’s development, EPC and supply of modules.</p><p class="editor-p">The company has also signed partnerships with various customers in light of the growing demand for renewable energy sources and photovoltaic products made in the U.S.</p><p class="editor-p">In January, Hanwha Qcells signed a partnership with Microsoft to supply 12 gigawatts of solar modules and EPC services over the next eight years. This includes a 2.5-gigawatt module and EPC services commitment previously announced in January 2023.</p><p class="editor-p">In addition, Hanwha Qcells recently expanded its partnership signed in April last year with Summit Ridge Energy (SRE), the leading commercial solar company in the U.S.</p><p class="editor-p">The Korean firm agreed to provide SRE with an additional 800 megawatts of solar panels, for a total of 2 gigawatts by 2027. Additionally, the two companies decided to collaborate on ESS projects.</p><p class="editor-p"> </p></div>
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