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Hanwha Energy

company 1 Deal 1 Partner

Hanwha Energy is a South Korea-based energy company, a subsidiary of Hanwha Group, specializing in the development, construction, and operation of solar power plants, energy storage systems (ESS), and gas-fired power plants globally. The company is actively expanding into data center infrastructure and green hydrogen projects.

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Founded 2007 Parent: Hanwha Group
Energy CompanyDeveloperOperatorInvestor

Strategic Overview

  • Expanding its business portfolio beyond traditional power generation to include data centers and green hydrogen.
  • Actively pursuing global partnerships and MOUs for green hydrogen development, particularly in Europe.
  • Leveraging its expertise in solar PV and ESS to drive energy transition initiatives worldwide.

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Deal Activity from Public Sources

Hanwha Energy and Hanwha Solutions sign MOU with Spanish government for green hydrogen production
Partnership Green Hydrogen Spain May 2024 with Spanish Government
Hanwha Energy and Hanwha Solutions sign MOU with French government for green hydrogen production
Partnership Green Hydrogen France February 2024 with French Government
Hanwha Energy and Hanwha Solutions sign MOU with German government for green hydrogen production
Partnership Green Hydrogen Germany November 2023 with German Government
Hanwha Energy signs MOU with Netherlands for green hydrogen production
Partnership Green Hydrogen Netherlands October 2023 with Dutch Government
Hanwha Energy signs MOU with Ireland for green hydrogen production
Partnership Green Hydrogen Ireland September 2023 with Irish Government

Investment Focus

Technologies
Hybrid1
Geography
Ireland1

Key People

Jeong In-seop
CEO

Track Record

2,500
MW Total
17
Years Active
Notable projects: Pecan Solar (USA), Goonumbla Solar (Australia), Hanwha Energy Vietnam Solar Power Plant (Vietnam), Shintomi Solar (Japan)

Detailed Analysis

Technologies
Solar PVBattery StorageGas-fired PowerData CenterGreen Hydrogen
Sectors
Energy TransitionUtilitiesDigital/Telecom
Geographies
South KoreaUSAAustraliaJapanVietnamMalaysiaIndonesiaIndiaTurkeySpain (1 deal)
Deal Stage
GreenfieldOperatingBrownfield

Subsidiaries

Hanwha Energy USAHanwha Energy AustraliaHanwha Data Center

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