Hanwha Q CELLS complements the solar energy complex at the ESS complex in the US

On May 30, Hanwha Solutions Q CELLS announced the completion of a large-scale solar and ESS complex that will provide renewable energy to large US-based technology company Meta.

Located in Borrego Springs, California, United States, the complex consists of 50 MW and 50 MW solar modules and 200 MWh energy storage systems (ESS).

The renewable energy generated here will be supplied to Meta, a global technology company and one of the largest users of renewable energy in the world. As of 2020, Meta is carbon neutral, sourcing 100% of its electricity from renewable sources, and has committed to achieving carbon neutrality at supply chain level by 2030.

With the development of the renewable energy transformation, Hanwha Q CELLS is expanding its renewable energy partnerships with global companies. In April, the company successfully completed a 150 MW solar power plant in Wyoming, United States, where it provided a turnkey solution including development, module supply, EPC and power purchase agreement (PPA).

Before the Hanwha solar power plant was completed, Q CELLS sold it to US utility Southern Power in November 2023, maximizing profitability. In January this year, Hanwha Q CELLS signed an agreement with Microsoft Corp. for the supply of a total of 12 GW of photovoltaic modules and engineering, procurement and construction (EPC) services for eight years.

According to Bloomberg New Energy Finance (BNEF), the global ESS market is expected to grow from $11 billion in 2021 to $262 billion in 2030. Additionally, according to the U.S. Energy Information Administration (EIA), the U.S. ESS market is expected to grow approximately 12 times over six years from $692 million in 2019 to $8,261 million in 2025.

Hanwha Q CELLS reported excellent business performance and revenues with the sale of seven ESS projects in the United States in 2022. The company performed the entire EPC process for one of the seven 380 MWh ESS projects.