Q CELLS acquires project development rights for 429MWp of Spanish solar

Facebook
Twitter
LinkedIn
Reddit
Email
Image: Hanwha Q CELLS.

Q CELLS has secured development rights for ten Spanish solar projects as it moves forward with plans to deliver a multi-gigawatt PV portfolio in the Iberian Peninsula.

An agreement with developer RIC Energy has seen Q CELLS purchase 429MWp of additional solar capacity that is located in the Aragon and Castilla y León regions and is expected to achieve ready-to-build status by the end of 2021.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Madrid-headquartered RIC Energy has agreed as part of the sale to oversee the development of the ten sites to bring them to ready-to-build status over the coming year.

Closing of the acquisition follows another deal between the two companies that was billed as one of the largest green energy transactions in Spain’s history when announced in March. That transaction saw Q CELLS purchase project rights for 940MWp of solar PV.

Q CELLS said the deals underline its commitment to developing renewables in Iberia as it looks to construct more than 3.4GW of solar across Spain and Portugal “over the next few years”.

The firm secured half of the allocated 12 lots and a total of 315MW of solar capacity in Portugal’s record-breaking auction earlier this year. Thanks to the flexibility offered by coupling solar with storage, Q CELLS said it will be able to participate in ancillary services and contribute to local grid stability. The six projects secured through the tender are due for completion in 2024.

2 December 2025
Málaga, Spain
Understanding PV module supply to the European market in 2026. PV ModuleTech Europe 2025 is a two-day conference that tackles these challenges directly, with an agenda that addresses all aspects of module supplier selection; product availability, technology offerings, traceability of supply-chain, factory auditing, module testing and reliability, and company bankability.

Read Next

August 8, 2025
This week several solar developers have raised funds for projects around the world, including BRUC in Europe, Greenalia in the US, Qair in Mauritius and CREC in Philippines.
August 5, 2025
Sonnedix and Prosolia have acquired projects, while Iberdrola has signed a 34MW PPA with Burger King covering 109MW total.
July 31, 2025
Matthias Taft, the chief executive officer of renewables developer BayWa r.e., will leave the company at the end of August.
July 30, 2025
Spanish solar energy company Soltec has found an investor that will acquire 80% of the company’s shares in a restructuring move.
July 29, 2025
The Spanish Ministry of Ecological Transition (MITECO) has launched a new renewables manufacturing subsidy programme.
July 28, 2025
Spanish energy firm Zelestra and Portuguese utility EDP have signed what they call the “first” solar-plus-storage power purchase agreement (PPA) in the Spanish renewables market.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines