Co-developing a 300 MW solar portfolio in the Netherlands
Published: 21 September, 2022
Q ENERGY has announced it has entered the renewable energy market of the Netherlands with a 300 MW solar portfolio which it will develop together with Dutch solar developer Tomorrow Energy.
Both companies have signed an agreement to co-develop 21 solar projects which range between 4 and 40 MW in size. The mostly greenfield projects spread across the Netherlands with a majority located in the southern part of the country. The recently launched Q ENERGY is a green energy player on the European market and a direct affiliate of the top-tier Korean enterprise Hanwha Solutions. Together with Tomorrow Energy as a partner, Q ENERGY will develop the projects further and explore possibilities to include innovative solutions like energy storage, agrivoltaic and potentially even green hydrogen. The 21 projects are expected to be constructed and grid connected within the coming 3 years.
Much like in other European countries, the Dutch energy market is undergoing a transition. Against the backgrounds of climate change, a growing demand for electricity and of course the current energy crisis in Europe, the country is in need to quickly achieve a higher degree of energy independency based on renewable energy generation. The CEO of Q ENERGY, Sang Chull Chung therefore emphasises: “Q ENERGY is extremely happy to enter the Dutch renewable energy market with Tomorrow Energy as our partner and add another 300 MW to our development portfolio of 12 GW across Europe. We are eager to drive the energy transition in Europe. Therefore, the 21 projects in the Netherlands mark another important milestone on our journey. We are looking forward to a sustainable partnership and successful projects which will create value for all involved partners as well as the Dutch society.”
Hakkan Yildirim, managing director at Tomorrow Energy commented on the co-development agreement: “We are both happy and proud to partner with an experienced player like Q ENERGY to co-develop the 21 projects. We both seek holistic solutions for our projects, which makes the partnership a perfect fit for us. This portfolio will make an important contribution to achieving the ambitious renewable energy targets of the Netherlands. Thus, it will bring us an important step closer to fulfilling our mission of making the country more sustainable.”
