NEWS

2018.03.22

“Contracting for Solar Systems” Enables Access to Low-Cost Solar Power without Additional Capital Expenditure

  • Hanwha Q CELLS, ISM Energy and Stadtwerke Bitterfeld-Wolfen enable the customer’s participation in the energy transition without any capital expenditure
  • With “Contracting for Solar Systems,” small and medium-sized enterprises as well as building owners can reduce energy costs while maintaining the scope of investment
  • Thanks to “Contracting,” the Burchert Bakery in Bitterfeld-Wolfen will be able to reduce electricity costs via a 9.9 kWp solar system based on Q CELLS solar modules

 

[Bitterfeld-Wolfen, 22nd March 2018] – The Burchert Bakery in Bitterfeld-Wolfen will be able to reduce electricity costs using a 9.9 kW solar system on its roof. The special feature is: not a single cent has been invested by the company for the solar system. This is possible, thanks to the new business model "Contracting for Solar Systems" offered by public energy provider, Stadtwerke Bitterfeld-Wolfen, along with ISM Energy and Hanwha Q CELLS. Stadtwerke is acting as the customer's contract partner and energy supplier. ISM Energy is responsible for planning and installing the solar system, due for completion in April 2018. Hanwha Q CELLS is supplying high-performance solar modules from its renowned Q CELLS brand. In the future, the Burchert Bakery will obtain more than a quarter of its energy needs from the 31-module-strong solar system. Q CELLS will supply its top module, the Q.PEAK DUO-G5, which utilizes half-cell technology and touts output levels of 320 Wp. For surplus electricity that is fed into the grid, the bakery can receive the applicable feed-in remuneration. In return, it simply needs to transfer a monthly fixed lump sum to Stadtwerke Bitterfeld-Wolfen. No capital expenditure is required for the bakery. In this manner, small- and medium-sized businesses are now being given the opportunity to reduce their electricity costs effectively while sustainably procuring solar power without restricting their own investment scope.

 

Local partners of renewable energies create broad access to energy transition

With “Contracting for Solar Systems,” the partners Stadtwerke Bitterfeld-Wolfen, ISM Energy and Hanwha Q CELLS again demonstrate their combined innovative power and competence in the field of renewal energy solutions. The partners pursue the goal to make low-cost solar power accessible to broader sectors of the population. To this end, the three companies already implemented their first tenant electricity systems on residential buildings in the region in 2017. Here, tenants have been able to consume solar power from their own roof while saving costs. Further tenant electricity projects will be introduced this year. With the “Contracting” model, the next population group, small and medium-sized businesses as well as owners of residential buildings, will receive access to low-cost solar power without any layout of capital.

Christian Dubiel, Managing Director of Stadtwerke Bitterfeld-Wolfen said: "Contracting for Solar Systems is very interesting for enterprises and building owners who would like to sustainably reduce their energy costs, but who do not necessarily have the funds for own capital investment. As Stadtwerke Bitterfeld-Wolfen, we are now offering our customers, beside the tenant electricity model, the next opportunity to participate in the energy transition with smart energy solutions."

Tobias Schmidt, CEO of ISM Group, is excited about the new business model: "With the Contracting model, we as energy partner again demonstrate that we offer innovative, sustainable and profitable energy solutions to the people in Saxony-Anhalt and throughout Germany. The model is beneficial for all parties involved. I am sure that ISM Group together with its partners will enable access to low-cost and environmentally friendly solar power for many more enterprises."

Mario Schulte, Account Manager of Hanwha Q CELLS, added: "Contracting for Solar Systems” works perfectly. It is a model of success not only in our region, but also throughout Germany and Europe. For the investor, an important aspect is to be able to use highly durable, powerful solar modules. With our Q.PEAK DUO-G5, which is based on half-cell technology, the Q CELLS brand offers the ideal solar module for this. “

 

Profitable for everyone involved – this is how Contracting for Solar Systems works:

 

Customer:

  • Does not contribute any investment
  • Receives as much electricity as possible from the solar system
  • Receives the latest applicable feed-in remuneration for surplus solar power
  • Pays simply a monthly lump sum to Stadtwerke Bitterfeld-Wolfen
  • Increases the value of its property and actively contributes to climate protection

 

Stadtwerke Bitterfeld-Wolfen (Contract Partner)

  • Serves as the contract partner and the customer's power supplier
  • Bears 100% of the investment costs for the procurement and installation of the solar system as well as operation, service and maintenance
  • Handles all formalities, such as the application according to the German Renewable Energy Resources Act (EEG)
  • Pays for the insurance of the system against natural hazards

 

ISM Energy (Installation Partner)

  • Designs the system, optimized to the customer's individual power consumption
  • Performs the complete procurement and installation of the system
  • Performs operation, service and maintenance of the photovoltaic system
  • Installs an energy storage device for the system on request

 

Hanwha Q CELLS GmbH (Solar Module Partner)

  • Supplies high-performance solar modules "Engineered in Germany" for the system
  • The solar modules used have been developed at the Centre for Technology, Innovation and Quality in Bitterfeld-Wolfen.

 

About Stadtwerke Bitterfeld-Wolfen GmbH

Stadtwerke Bitterfeld-Wolfen range among the major economic factors in the region of Bitterfeld-Wolfen. They ensure the supply of electricity, natural gas, heat or drinking water for more than 20,000 customers. In addition, Stadtwerke Bitterfeld-Wolfen have extended their product portfolio in the past two years by various energy services to adjust to the market requirements. For example, thanks to their presence at two service centres in Bitterfeld-Wolfen, Stadtwerke demonstrate absolute customer proximity on a local basis. As a majority community-owned company, Stadtwerke Bitterfeld-Wolfen have a special responsibility for the municipality of Bitterfeld-Wolfen and its inhabitants. Stadtwerke offer qualified jobs, are a popular customer among local enterprises, strengthen the regional economic cycle with many other services and increase the quality of life for people in and around Bitterfeld-Wolfen. www.sw-bitterfeld-wolfen.de

 

About the ISM Group

The ISM Group, based in Bitterfeld-Wolfen, is one of the most successful and fast growing developers and installers of solar power plants in Germany. With over 500 MW of installed photovoltaic capacity in Germany and Europe and 30 MW of their own, the ISM Group has experience and expertise in all application areas - from private rooftop systems and flat roof solutions for commerce and industry, right up to large ground-mounted projects. Long-term reliability and care of the PV systems complete the profile of the ISM Group. For more information, visit: www.ism-group.de

 

About Hanwha Q CELLS

Hanwha Q CELLS Co., Ltd. (NASDAQ:HQCL) is one of the world’s largest and most recognized photovoltaic manufacturers for its high-performance, high-quality solar cells and modules. It is headquartered in Seoul, South Korea (Global Executive HQ) and Thalheim, Germany (Technology & Innovation HQ) with its diverse international manufacturing facilities in Malaysia, South Korea and China. Hanwha Q CELLS offers the full spectrum of photovoltaic products, applications and solutions, from modules to kits to systems to large-scale solar power plants. Through its growing global business network spanning Europe, North America, Asia, South America, Africa 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: www.hanwha-qcells.com

 

Safe-Harbor Statement

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.

 

Contacts:

Stadtwerke Bitterfeld-Wolfen GmbH

Thomas Glauer

TEL +49 (0)3494 38 100

E-MAIL: thomas.glauer@swb-w.de

www.sw-bitterfeld-wolfen.de

Hanwha Q CELLS GmbH

Corporate Communications

Jochen Endle, Oliver Beckel

TEL +49 (0)3494 6699 10121

E-MAIL presse@q-cells.com

ISM GROUP

Tobias Schmidt

TEL. +49 (0)3493 600 558

E-MAIL: info@ism-energy.de

www.ism-group.de

 



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