Hanwha announces plans to build solar plants in IndiaHanwha Q Cells, Hanwha Group’s solar power affiliate, said Tuesday it will build a solar power plant in India. The company said it will develop a joint venture with ReNew Power of India to build a power plant with a total capacity of 148.8 megawatts in Telagana. The plant is expected to produce enough electricity to fulfill the annual needs of 250,000 local residents. The company said it will start building the plant next month and will finish construction by the end of this year.
Along with the solar power plant, the company also inked a deal to supply solar panels with a total capacity of 70 megawatts to India’s Adani Group. The panels will be used by the Indian company to build a solar power plant in Tamil Nadu.
“By successfully completing these two projects, we expect to expand our territory in India’s solar power market that is expected to grow fast in the future,” the company said in a statement.