ENERGIEKONTOR AND HANWHA Q CELLS CONNECT 10 MW SOLAR POWER PLANT TO THE GRID IN BRANDENBURG
- 35,073 Q CELLS modules produce sustainable energy for approx. 3,600 households in the Brandenburg region (Germany)
- Solar power plant connected to grid after only 4 months construction time on 29th March
[Bremen / Bitterfeld-Wolfen, 18th April 2018] Energiekontor AG and Hanwha Q CELLS GmbH, the German subsidiary of the world's largest manufacturer of solar cells, Hanwha Q CELLS Co., Ltd. (NASDAQ: HQCL), have put a solar power plant with a capacity of 10 MW into operation in Brandenburg. The ground-mounted system is comprised of 35,073 Q CELLS solar modules and will produce enough sustainable electricity to power around 3,000 homes. The system will produce approximately 10 million kilowatt-hours of clean electricity per year, saving almost 5,500 tons of CO2.
Bremen-based Energiekontor AG completed the project in 4 months. Internationally leading photovoltaic supplier Hanwha Q CELLS, whose Technology & Quality headquarters is located in Bitterfeld-Wolfen, supplied Q.PLUS BFR-G4.1 285 Wp high-quality solar modules for the project.
Piotr Jankowski, Project Coordinator for Energiekontor AG said: "The solar park is a great example that photovoltaic systems pay off in Germany. The crucial factors for the highest possible profitability are professional planning, smooth construction and especially the performance and quality of the solar modules used. The good price-performance ratio of Q CELLS modules make the decisive difference." Q CELLS modules have prevailed against competition due to the high yield they provide, even under conditions of low light and high temperatures. As a result, thanks to Q.ANTUM technology, they reduce the electricity generation costs while increasing the economic profitability of the plant.
Marco Schweitzer, Senior Specialist Account Manager for Hanwha Q CELLS, commented: "We thank Energiekontor for relying on Q CELLS modules in this large-scale project. We share our high quality standards as well as our sustainable track record of project success, and thus, we are looking forward to continue and expand our cooperation in the future."
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-q-cells.com
About Energiekontor AG
For the last 25 years, Energiekontor has stood for a sound approach to business and a wealth of experience in wind power. Formed in Bremerhaven in 1990, the Company was one of the pioneers in the industry and is now one of the leading German project developers. Its core business covers the planning, construction and operational management of wind farms in Germany and abroad, and was expanded to include solar power in 2010. Energiekontor also currently owns and operates 35 wind farms and one solar park with total rated power of around 270 megawatts. Now, Energiekontor AG intends to extend its pioneering role to commercial aspects and to realise wind farms and solar parks at pure market prices without state subsidies in all target markets as quickly as possible.
In addition to its headquarters in Bremen, Energiekontor also maintains offices in Bremerhaven, Hagen im Bremischen, Aachen, Bernau (near Berlin) and Dortmund. The Company also has branch offices in England (Leeds), Scotland (Glasgow), Portugal (Lisbon) and the Netherlands (Nijmegen). The formation of additional branch offices in the US and France is currently underway. Our track record speaks for itself: 118 wind farms in operation, with total rated power of around 940 megawatts and three solar parks with a total capacity of about 30 megawatts. This corresponds to an investment volume of about EUR 1.5 billion.
Energiekontor went public on 25 May 2000. The shares of Energiekontor AG (WKN 531350/ISIN DE0005313506) are listed in the General Standard segment of the Frankfurt Stock Exchange and can be traded on all German stock exchanges.
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.
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