NEWS

2018.08.29

Hanwha Q CELLS modules selected to power 500 kWp C&I PV installation in Greece

  • The 500 kWp C&I solar array has been installed on the grounds of the Exalco Aluminum factory in Larisa, Greece 
  • 1,754 Hanwha Q CELLS Q.PLUS-G4.3 290 Wp multicrystalline modules used 
  • Q.PARTNER Active Energy Solutions supplied and installed the modules 
  • The installation is one of the largest net-metering projects in Greece

 

[Berlin, Germany, August 29, 2018] Hanwha Q CELLS GmbH ("Hanwha Q CELLS"), the German subsidiary of one of the largest solar cell manufacturers in the world, Hanwha Q CELLS Co., Ltd. (NASDAQ: HQCL), today announced its involvement in one of the largest solar net-metering projects in Greece.

 

More than 1,750 Q.PLUS-G4.3 multicrystalline solar modules of the Q CELLS brand were selected by Greek solar distributor and EPC Company Active Energy Solutions for installation at a 500 kWp solar array at the Exalco Aluminum factory in Larisa, Greece.

 

Exalco is one of the largest manufacturing firms in the country, and with this large solar PV array – which was installed in just two months and is now grid-connected – has signaled its intent to help accelerate Greece’s renewable energy journey, which is once again picking up pace.

 

Recently, Greece energy regulator RAE received applications for 300 MW of solar PV to be tendered throughout 2018, building the foundations for more large-scale solar capacity to be added in 2019. The country’s net-metering scheme, meanwhile, continues to deliver a sizeable portion of PV electricity to the grid.

 

High quality PV solutions for net-metering peace of mind

Active Energy Solutions was eager to ensure that Exalco’s foray into the solar market was an instantly positive one, which is why the installer selected Q CELLS´ Q.PLUS-G4.3 module series.

 

These 60-cell modules boast a power capacity of up to 290 Wp and offer a versatile and reliable solution to customers looking to generate long-term yields. The modules deliver excellent performance in low-light conditions and harsh climates – making them ideal for Exalco’s commercial rooftop that sits under Larisa’s unforgiving sun in the heart of the country.

 

Vassilis Lazaridis, Sales Representative, Greece, Hanwha Q CELLS, said, “Greece’s reverse solar auctions and long-standing net-metering scheme are proving to be positive and pivotal tools in helping to restart growth in the Greek solar sector. The new FIT rates are very competitive, while projects such as this 500 kWp Exalco installation highlight just how vital solar energy can be in helping businesses lower their energy bills.”

 

A spokesperson for Active Energy Solutions added,“Exalco’s new 500 kWp solar rooftop system is one of the largest net-metering projects in Greece. We wanted to ensure that the system would be cost-effective and reliable, while also constructed using high quality solar modules. Q CELLS’

 

Q.PLUS-G4.3 modules fit the bill perfectly, and as a Q.PARTNER we were able to guarantee on-time delivery, installation, and peace of mind for our customer.” The professional partnership between Hanwha Q CELLS and Active Energy Solutions has grown with strength and mutual trust over the past four years.

 

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 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 partnerships to its customers in the utility, commercial, governmental and residential markets. Hanwha Q CELLS is a flagship company of Hanwha Group, a FORTUNE Global 500 firm and a Top 10 business enterprise in South Korea. For more information, visit: http://www.hanwha-qcells.com.

 

About Active Energy Solutions

Active Energy Solutions is a leading solar equipment distributor and solar developer active across Greece and Cyprus.  AES provides the full spectrum of photovoltaic products such us (solar modules, inverters, batteries, cables etc.) in Greece and Cyprus. AES provides project development and turnkey solutions to its customers, for commercial, governmental and utility projects. AES has successfully developed many solar project for the largest companies in Greece and Cyprus. For more information, visit: www.active-energy.gr

 

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.

 

Contact:

Hanwha Q CELLS GmbH

Corporate Communications

Jochen Endle, Ian Clover

Tel: +49 (0)3494 6699 1012

E-mail: presse@q-cells.com



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