Adapture Renewables Inc., a developer, owner, and operator of solar projects, has announced the acquisition of Rippey Solar, an 81 MW solar project in Cooke County, Texas, from Hanwha Q CELLS USA Corp. Dallas started in April 2020 and the project went into commercial operation in December 2020.
Hanwha Q CELLS USA Corp., a provider of total power solutions for solar cells and modules, energy storage, downstream project business and energy retailing, acquired the mid-development project and completed development early last year before laying the foundation. The project uses Q CELLS 'high-performance Q.PEAK DUO L-G8.3 and L-G8.2 modules, which the company claims are ideal for commercial and utility applications thanks to a combination of innovative cell technology and cell interconnection for superior yields and low LCOE.
“We take a conscious approach to project selection and acquisition and are only adding high value assets to our growing portfolio,” says Donald Miller, COO at Adapture Renewables Inc. “The Q CELLS team delivered a world class facility with the Rippey project and we look forward to our new roles as long-term neighbors bringing renewable energy to Texas consumers. "
Adapture Renewables Inc. is directly involved in the success of the project, has financed the project with internal capital and will own and operate the project over the long term. With this acquisition, the company increases its total portfolio of solar power generation equipment to 239 MW DC across the country, including 95 MW DC in Texas.