The power plant business division of Hanwha Qcells called QENERGY Europe and QENERGY France have come together as subsidiaries of a new entity Q ENERGY Solutions SE that now holds a renewable energy development portfolio of 12 GW scattered all across Europe.
The portfolio comprises 9.25 GW solar, 2.25 GW wind and 500 MW storage capacity which on cumulative basis is to come up as 2 GW in Portugal, over 4 GW in Spain, 5 GW in France and close to 1 GW in Germany. Its integrated solutions also include hybrid projects. The company currently boasts of 2 GW solar and wind power capacity.
The plan for the umbrella brand is to also expand to more European countries such as Italy, UK and the Netherlands in the near future. In terms of technology, green hydrogen is on the anvil too.
"Q ENERGY sets out to deliver holistic solutions across the entire value chain of renewable energy projects to our European partners – from green-field-development, to engineering, procurement and construction (EPC), to operations & maintenance (O&M), all the way to selling clean energy as an independent power producer (IPP)," said Q ENERGY Group CEO Sang Chull Chung. "The coming 3 years will be dedicated to rapidly grow our company in all aspects to around double of its size today."
Q ENERGY Solutions SE is a direct affiliate of Hanwha Solutions Corporation that also operates solar cell and module producer and energy company Qcells 'the independent sister company' of QENERGY (see Qcells Picks Georgia For 1.4 GW US Module Fab).