Hanwha Solutions, a manufacturer and distributor of solar energy components, has closed a deal to acquire 100% of the equity interest of RES Mediterranee, which owns 100% of RES SAS (RES France). On August 9, 2021, Hanwha Solutions made public its intention to acquire RES France, having signed a Put Option Agreement, and subsequently signed a Share Purchase Agreement on September 28, 2021, with RES Group. The acquisition bolsters Q CELLS’ renewable energy portfolio in Europe, doubling its clean energy project pipeline to around 10 GW and bringing European wind power projects under its ownership for the first time. Q CELLS is the renewable energy business division of Hanwha Solutions.