Chrysalis acquires 357MWdc Atlas photo voltaic projects from Hanwha in US
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Renewable vitality investment platform Chrysalis Renewables has received the Atlas V and Atlas VI photo voltaic projects in Arizona, US.
The deal is the well-known under a partnership between Chrysalis, an arm of world infrastructure supervisor Morrison, and Hanwha Renewables, an offshoot of the Korean conglomerate Hanwha Team, under which Chrysalis acquires projects from Hanwha that meet its investment criteria, whereas drawing on the latter’s capabilities across growth, engineering, procurement and constructing (EPC), module present, asset management and operations and repairs (O&M).
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Atlas V and Atlas VI are the well-known projects to be delivered under the model. The two projects have a mixed capacity of 357MWdc and are within the last stages of commissioning.
Positioned for the duration of the multi-fragment Atlas Vitality Park in La Paz, Arizona, the projects are anticipated to enhance domestic manufacturing, enhance present chains and enhance grid reliability whereas reducing alternate and tariff publicity.
The projects are reduced in dimension under 15-365 days instruct wire, or “busbar”, power aquire agreements (PPAs) with Southern California Edison for offer into California’s CAISO market and are anticipated to birth out up commercial operations within the impending months.
Qcells, also a subsidiary of Hanwha Team, supplied the domestically manufactured modules from its Georgia facility and is serving as EPC contractor.
Morrison accomplice, Gordon Hay, said: “The acquisition of the Atlas projects marks an fundamental milestone for Chrysalis, increasing its technology capacity to roughly 700MW whereas vastly increasing its regional footprint. The transaction also advances Chrysalis’ portfolio diversification strategy by adding a technology profile that complements its present property.”
The partnership between Chrysalis and Hanwha, announced in February 2026, objectives to lunge the deployment of constructing-ready and operational renewable vitality property.
The initial focus is on extra than 3.5GW of photo voltaic and BESS capacity in North The United States. The companions also thought to enlarge the portfolio into additional markets, alongside with Japan, Australia and Italy.
In April 2026, Hanwha sold the 1.5GW Atlas North photo voltaic-plus-storage portfolio to Lydian Vitality. The portfolio comprised four tedious-stage projects within the CAISO market, alongside with extra than 1GW of photo voltaic PV capacity and 450MW/1,800MWh of BESS.
San Francisco Bay Dwelling, USA
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