Industry

Hanwha joins with Indian firm to construct solar power plant

Hanwha Q Cells, Hanwha Group’s solar power affiliate, has agreed to take part in building a solar power plant with 50-megawatt capacity in India. The company said it agreed with Indian solar power company Azure Power to establish a joint venture to build the power plant in Andhra Pradesh state. The company said construction will begin in October and the facility will be completed by the end of next January. The plant’s annual electricity production volume is equivalent to the amount 18,000 households in India can use in one year.

The company also said it inked a deal with Belgian solar firm Enfinity Philippines Renewable Resources to build a 28.6-megawatt solar power plant at Philippines. The company will be in charge of engineering and procurement.

Hanwha said the construction will be completed in the first quarter of next year. “We expect these two big contracts will help us expand our market share in new markets like the Asia-Pacific region,” the company said in a statement.