Hanwha Renewables, a US-based renewable energy developer, has announced a strategic partnership with Morrison-backed Chrysalis Renewables to accelerate renewable energy project development. Chrysalis Renewables LP is a global renewables investment platform established by Morrison, an infrastructure manager with $30 billion in assets under management. Under the partnership, Chrysalis will acquire construction-ready and operational projects from Hanwha through a repeatable mergers and acquisitions framework with aligned investment criteria. The collaboration will initially target more than 3.5 GW of solar and BESS projects across North America. According to the announcement, the partnership may expand geographically over time to include Japan, Australia, and Italy. Hanwha Renewables operates as a wholly owned subsidiary of Hanwha Energy USA and focuses on utility-scale solar and energy storage development. The partnership represents the second pillar of the Chrysalis portfolio, alongside its existing collaboration with Innagreen, which includes operational wind assets in Canada.
Chrysalis teams up with Hanwha for renewable expansion
A strategic partnership has been announced by Hanwha Renewables and Chrysalis Renewables to accelerate renewable project development activities across North America.
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