Hanwha and Chrysalis Form Global Renewables Pact

Why It Matters

The alliance combines industrial execution with institutional capital, accelerating large‑scale renewable deployment and setting a template for risk‑mitigated, bankable projects across key markets.

Key Takeaways

• 3.5 GW solar/storage targeted in North America.
• Partnership combines Hanwha EPC, US manufacturing, Chrysalis capital.
• Expansion plans include Japan, Australia, Italy.
• Morrison provides investment expertise and risk mitigation.
• Model showcases institutional capital with industrial execution.

Pulse Analysis

The global push for clean energy is accelerating, with investors scrambling to secure large‑scale, low‑risk assets. In this climate, Hanwha Renewables and Chrysalis Renewables announced a strategic pact designed to fast‑track more than 3.5 GW of solar and battery storage projects, initially across North America. By aligning Hanwha’s vertically integrated EPC and U.S. manufacturing base with Chrysalis’s disciplined acquisition framework, the partnership promises to deliver construction‑ready or operating assets on a repeatable basis. This collaboration reflects a broader industry shift toward integrated delivery models that combine industrial expertise with capital efficiency.

Hanwha brings world‑class project delivery, leveraging its Q‑cells EPC arm and a fully integrated supply chain that spans wafer production to module assembly in the United States. Chrysalis, backed by Morrison & Co., contributes a long‑term ownership strategy that emphasizes de‑risked, cash‑flow positive portfolios. Morrison’s advisory role adds financial rigor, enabling the joint platform to attract institutional investors seeking stable returns in the renewable sector. Early projects are already moving forward, complementing Chrysalis’s recent wind acquisitions in Canada and setting a template for rapid scaling of solar‑plus‑storage assets.

The alliance signals a maturing market where scale, speed, and risk mitigation are paramount. If the initial 3.5 GW pipeline materializes, it could position the joint venture as a leading source of bankable renewable projects in North America, while the roadmap to Japan, Australia and Italy expands its geographic footprint. Such cross‑border collaborations also demonstrate how institutional capital can be marshaled alongside industrial capabilities to meet escalating energy demand. Analysts expect the model to inspire similar partnerships, accelerating the global transition to low‑carbon power generation.

Hanwha and Chrysalis form global renewables pact

Partnership targets 3.5 GW of solar and storage rollout · 9 February 2026

Hanwha Renewables and Chrysalis Renewables have agreed a strategic partnership to accelerate deployment of construction‑ready and operational renewable energy projects worldwide.

Hanwha Renewables said Chrysalis will acquire projects ready for construction or already operating under a repeatable M&A framework, initially targeting more than 3.5 GW of solar and battery storage in North America.

According to the companies, the partnership could expand into markets including Japan, Australia and Italy over time.

Gordon Hay, partner at Morrison, said:

“Morrison’s collaboration with Hanwha is a significant step forward in the Chrysalis strategy: forging long‑term partnerships with leading developers to access high‑quality, de‑risked renewable assets.”

Hay added:

“By uniting Hanwha’s world‑class project delivery with Chrysalis’s disciplined investment approach backed by Morrison’s expertise and resources, we are building an energy platform capable of delivering sustainable value and meaningful impact across key global energy markets.”

Hanwha said the partnership leverages Q‑cells EPC and its vertically integrated U.S. solar manufacturing and project‑delivery capabilities, combined with Morrison’s renewable‑energy experience and Chrysalis’s long‑term ownership model.

Rich Chung, chief investment officer at Hanwha Renewables, stated:

“The scale and pace of the global energy build‑out require platforms that align capital and execution from the outset.”

Chung added:

“Together with Morrison and Chrysalis, we are building a platform that can serve as a model for how institutional capital and industrial capability can successfully work together to meet energy demand globally.”

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.