South Korea’s Hanwha Renewables and Chrysalis Renewables, a UK-based global renewables investment platform established by US$30bn global infrastructure manager Morrison, have announced a strategic partnership to accelerate the deployment of construction-ready and operational renewable energy projects worldwide (Morrison press release, 10/02/2026).
According to the press release, “Under the terms of the partnership, Chrysalis will acquire projects from Hanwha that are ready for construction or already operational through a repeatable M&A framework and aligned investment parameters. Chrysalis will initially target more than 3.5 GW of solar and battery energy storage system (BESS) deployment in North American projects, with the potential to expand the asset portfolio and geographic reach of the partnership with Hanwha, including to Japan, Australia, and Italy, over time.”
By leveraging its Hanwha Group affiliate Qcells EPC, Hanwha has built one of the largest solar manufacturing footprints in the United States, backed by fully vertically integrated capabilities that cover project development, engineering, procurement, construction (EPC), and long-term operations.
The companies said the partnership is already advancing initial projects and complements Chrysalis’s existing work with Innagreen, through which it acquired assets including the Hilda and Bekevar wind projects in Canada.
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