January 8 (Renewables Now) - Hanwha Q-Cells GmbH appears to have purchased 200 MWp of solar photovoltaic (PV) projects in Spain from UK firm Hive Energy.
According to Tuesday’s and Wednesday’s issue of Spanish commercial registry gazette BORME, the German-Korean PV cells manufacturer has appointed its manager for Iberia, Eduardo de la Hera Salazar, to be in charge of four special purpose vehicles (SPVs) registered to Hive Energy.
Hanwha Q-Cells is now listed as the only shareholder in Agenor Hive SL, Guadajoz Hive SL and Don Rodrigo Hive SL, but not Las Coronadas Hive SL, while De la Hera Salazar is named as the sole administrator in all four SPVs. He replaces Luis Martinez Hermida, Hive Energy’s general manager for Spain and Argentina.
According to information on Hive Energy’s website, each of these SPVs owns a 50-MWp solar project with secured grid capacity and land.
Neither Hanwha nor Hive Energy have officially confirmed any transaction.