Hanwha Q CELLS ready to equip solar tenders in France with high power and low carbon footprint solar modules
- Certisolis officially certified solar modules of the Q CELLS brand confirming their low carbon footprint
- Hanwha Q CELLS fully eligible to participate in solar tenders in France
- Hanwha Q CELLS aiming for EU market leadership
[Thalheim, Germany, May 23, 2017] – Hanwha Q CELLS Co., Ltd. (“Hanwha Q CELLS” or the “Company”) (Nasdaq: HQCL), the world´s largest producer of solar cells in 2016, is fully eligible to participate in CRE4 tenders in France. Certisolis has certified that solar modules of the company´s Q CELLS brand have a very low carbon footprint and fulfill all criteria for CRE3 and CRE4 tenders in France. To receive the certificate, Q CELLS modules were tested along the entire life cycle and reached outstanding results against the criteria of the French Energy Regulation Commission (CRE).
Maengyoon Kim, Head of EU Sales commented: “The Certisolis certificate makes Q CELLS a favorable choice for project developers and EPC´s in France. For tenders, they can now benefit from excellent performance and quality “Engineered in Germany”, strong bankability and a very low carbon footprint. This combination is only available at Q CELLS.”
Hanwha Q CELLS: Growing market share in France and Europe
The certificate in France opens way for Hanwha Q CELLS to gain additional market share in France and reach its ambitious growth targets in the European solar markets. The company has been significantly expanding its international production capacity over the last two years to now 5.7 GW and planned 6.8 GW by Q4 of 2017. This enables Hanwha Q CELLS to deliver growing quantities of their high performance and high quality Q CELLS solar modules to customers in the EU. Maengyoon Kim said: “We are aiming for market leadership in all relevant European solar markets within this and the next year.”
Q.ANTUM makes the difference
Mono- and multicrystalline Q CELLS products reach their high performance and low LCOE thanks to the company´s proprietary Q.ANTUM technology. It is based on rear surface passivation of the solar cell (PERC), in which sunlight is reflected from the rear surface back into the cell, where it can be transformed into more electricity. In addition, Q.ANTUM comprises a number of other technological features, like an outstanding protection from common degradation effects such as PID, LID and LeTID. Together, they result in solar modules with significantly more power in a variety of conditions, including low-light and high temperatures. Q.ANTUM is arguably the most mature PERC-based technology in photovoltaic industry. This is backed by the over 4.5 gigawatts of Q.ANTUM solar cells mass-produced since 2012.
About Hanwha Q CELLS
Hanwha Q CELLS Co., Ltd. (NASDAQ:HQCL) is a global leading photovoltaic manufacturer of high-performance, high-quality solar cells and modules. Headquartered in Seoul, South Korea, it has Technology and Innovation HQ in Thalheim, Germany and manufacturing facilities in Malaysia and China. Hanwha Q CELLS offers solar modules, photovoltaic systems solution and large-scale solar power plants. Through its growing global business network spanning North America, Asia, Europe, South America, and the Middle East, the company provides excellent services and long-term partnership to its customers in the utility, commercial, government and residential markets. Hanwha Q CELLS is a flagship company of Hanwha Group, a FORTUNE Global 500 firm and a Top 8 business enterprise in South Korea. For more information, visit: http://www.hanwha-qcells.com.
Hanwha Q CELLS
Jochen Endle, Oliver Beckel
TEL. +49 (0)3494 6699 10121
This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the quotations from management in this press release and the Hanwha Q CELLS’ operations and business outlook, contain forward-looking statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those expressed in or suggested by the forward-looking statements. Further information regarding these and other risks is included in Hanwha Q CELLS filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. Except as required by law, Hanwha Q CELLS does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.