Adapture Renewables Acquires 81 MWp Solar Project from Q Cells

KIRKBI A/S Group-owned - Adapture Renewables in a major announcement informed that it has completed its acquisition of Rippey Solar, an 81 megawatt (MW) solar project in Cooke County, Texas from Hanwha Q CELLS USA Corp.

The construction of the project – located 90 miles (approx.145 km) north of Dallas, started last year, and it achieved commercial operation in December 2020.

Commenting on the partnership, JK (Jaekyu) Lee, Senior Vice President of Hanwha Q CELLS USA Corp. said, “We’re very proud to partner with Adapture Renewables, Inc. to bring this project to completion. The seamless integration between our development, EPC, and module supply teams facilitated a very efficient transaction during a challenging time in the capital markets due to COVID-19.”

Q CELLS' strength as a vertically integrated module supplier, producer, and engineering, procurement, and construction (EPC) manager is highlighted in this project.

The project uses Q CELLS’ high-performance Q. PEAK DUO L-G8.3 and L-G8.2 modules, ideal for commercial and utility applications thanks to a combination of innovative cell technology and cutting-edge cell interconnection for superior yields and low LCOE.

Adapture Renewables, Inc. has a significant interest in the project's success since it supported it with its own capital and will own and manage it in the long run. With this new acquisition, the company increases its total portfolio of solar energy generating assets to 239 MW DC across the country, including 95 MW DC in Texas.

Donald Miller, COO at Adapture Renewables, Inc commented: “We take a deliberate approach to project selection and acquisition, adding only high-quality assets to our growing portfolio. The team at Q CELLS delivered a first-class facility with the Rippey project, and we’re looking forward to our new role as long-term neighbors, providing renewable energy to Texas consumers.”