Hanwha Q-Cells announces PV-module supply agreement of 148.8 MW in India
Seoul, South Korea - Hanwha Q-Cells announced the signing of a solar module supply agreement and Joint Venture agreement with Renew Power Ventures Pvt. Ltd., one of India's largest developers of clean energy.
Hanwha Q-Cells has also entered into a Joint Venture Agreement with ReNew Power with potential for up to 49% equity ownership in two solar energy projects totaling 148.8 MW. Hanwha will partner with ReNew to develop, build and operate the projects. The solar projects are located in the Medak and Mehbub Nagar districts in the State of Telangana, with commissioning anticipated in June 2016. Power generated from these projects will be sold under a Purchase Power Agreement (PPA) with the Southern Power Distribution Co. of Telangana State Ltd. (TSSPDCL).
ReNew Power todays owns renewable energy assets of more than 1 GW of commissioned and under-construction in India.
Source: IWR Online, 24 Jul 2015