Hanwha Energy wins 48-MW solar park job in Malaysia
Solar panels. Featured Image: foxbat/Shutterstock.com
South Korea’s Hanwha Energy Corp has secured a USD-50-million (EUR 42.5m) contract to build a 48-MW solar park in Malaysia for utility Tenaga Nasional Bhd (KLSE:TENAGA).
The photovoltaic (PV) plant will be situated in the town of Chuping, in Malaysia’s smallest state of Perlis, Hanwha Energy said on Wednesday. Under the deal, the value of which was not disclosed, the renewable energy group, which is a unit of Hanwha Group, will take care of the investment, financing and implementation of the project. Solar module maker Hanwha Q Cells Co Ltd (NASDAQ:HQCL), also part of the South Korean group, will deliver PV panels for the scheme.
Hanwha Energy intends to commence construction works on the project in September 2019 and launch commercial operations in October 2020.
Once up and running, the facility will be able to generate enough electricity to supply about 15,000 homes per year. The South Korean firm will team up with a local partner to from a special vehicle that will sign a power purchase agreement (PPA) with Tenaga and will also operate the PV park for 21 years following completion.
Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.