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Hanwha Energy wins US$50 million deal to build solar plant in Malaysia

All Headlines 15:41 December 06, 2017

By Kim Kwang-tae

SEOUL, Dec. 6 (Yonhap) -- Hanwha Energy Corp., a South Korean renewable energy developer, said Wednesday that it has won a US$50 million deal to build a solar power plant in Malaysia for a local state-run power company, Tenaga Nasional.

Hanwha said it is set to break ground for the 48-megawatt solar facility in Chuping, a small town in the northeastern tip of Malaysia in September 2019.

The company said the commercial operation of the plant is set to begin in October 2020 and it will generate enough power to provide electricity for about 15,000 households annually.

Under the deal with Tenaga Nasional, Hanwha Energy is entitled to run the plant for 21 years, generating profits for the South Korean company.

Hanwha Energy wins US$50 million deal to build solar plant in Malaysia - 1

entropy@yna.co.kr
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