Q Cells buys 190-MW energy storage project in Texas

Hanwha Q Cells' factory in Georgia. Source: Twitter (@gdecd)

November 12 (Renewables Now) - Q Cells USA Corp has finalised the acquisition of a 190-MW/380-MWh standalone energy storage project in Texas from a local unit of solar and storage developer Belltown.

The transaction concerns the Sputnik Energy Storage development project that will be realised in Hunt County and will connect to the Rayburn County Electric Cooperative Inc grid to operate in the ERCOT market. Commissioning of the facility is scheduled for 2022.

Q Cells USA Corp is an affiliate of photovoltaics (PV) manufacturer Q Cells Co Ltd, in turn, part of South Korea’s Hanwha Group.

“We have positioned ourselves for exponential growth through a nation-wide greenfield campaign and acquisition of solar and energy storage projects in the US and look forward to partnering with developers who need Q CELLS one-stop turnkey solutions,” commented Vitaly Lee, head of development at Q Cells USA Corp.

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Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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