Hanwha Qcells to build America’s largest renewable-energy complex, ‘Atlas’
Hanwha Qcells announced that it won the engineering, procurement and construction contract for ‘Atlas Energy Park,’ the largest renewable-energy project in the United States in 7month 10day. The completed solar power plant 2units will be sold, and the company said this move could be positive for Hanwha Solutions’ 2quarterly results.
Hanwha Qcells announced that it will handle the engineering, procurement and construction of ‘Atlas Energy Park,’ the largest renewable-energy project in the U.S. local market in 7month 10day. It is an important event from an investor’s perspective.
Atlas Energy Park is known to be built on a large site equal to 22times the area of Yeouido. The company explained that the project is the largest in the United States.
Hanwha Qcells’ role is an EPC contract that covers design, materials procurement and construction. The company said it will oversee local construction through this contract.
According to reports, Hanwha Qcells has decided to sell a completed solar power plant 2. The sale is expected to generate related revenue and cash inflows.
The company said that this project order win and the sale of the power plant 2could have a positive impact on quarterly results. It said it would disclose the specific sale price and the timing of the earnings recognition in a separate filing.
Hanwha Qcells presented this project as an order win in the U.S. renewable energy market. The company said it will disclose its future construction schedule and funding execution plan in stages.