This file photo provided by Hanwha Qcells shows solar panels installed in the company’s solar power development project in Colorado. (Image courtesy of Yonhap)
SEOUL, Jan. 22 (Korea Bizwire) — Hanwha Qcells, the renewable energy unit of Hanwha Solutions Corp., said Wednesday it has sold two solar power development projects in the United States to a Kohlberg Kravis Roberts (KKR) company.
Hanwha Qcells has sold the two solar power projects, one in Colorado and the other in Virginia, to Contour Global, an independent power producer (IPP) that belongs to the world’s largest private equity fund, KKR, the company said in a press release.
The company didn’t provide the value of the contract.
Even after the asset sale, Hanwha Qcells will continue to be in charge of the engineering, procurement and construction of the solar power plants, it said.
If completed, the two solar power plants will have a combined capacity of generating 845 gigawatt-hour electricity, which is enough to support 80,000 households.
Contour Global is a Britain-based IPP company.
Hanwha Solutions is a renewable energy services and chemicals affiliate under chemicals-to-shipbuilding conglomerate Hanwha Group.
(Yonhap)
