Hanwha Q CELLS Completes 13.3 MW Solar Power Plant in Portugal
  • - PV power plant supplying clean energy to 5,475 households
  • - Hanwha Q CELLS acts as EPC and supplied 51,000 Q.PRO-G3 modules

[Montijo, Portugal / Thalheim, Germany, 12 August, 2014] Europe´s largest provider of photovoltaic solutions, Hanwha Q CELLS, announced today that it has completed its first solar park in Portugal as engineering, procurement and construction provider (EPC). The installation in the municipality of Montijo (South-East of Lisbon) features around 51,000 of Q CELLS Q.PRO-G3 modules. The power plant has been fully connected to the grid in May 2014. The 13.3 MWp plant is expected to provide clean energy to some 5,475 local households with an average consumption of 4,000 kWh per year.
Hanwha Q CELLS has built the plant within five weeks, with an additional time for connecting it to the grid and completing all test runs.

Since 2009, Hanwha Q CELLS´ EPC team has reduced the construction time for one MWp from 3.9 days to less than a day. The fast construction as well as the successive connection to the grid thanks to modular power plant construction significantly reduce costs, ensure earliest possible yields and thus enable
a quick return on investment (ROI).

Hanwha Q CELLS demonstrates advantages as provider of complete Power Plant Solutions

Hanwha Q CELLS has installed more than 600 MW of solar power plants with outputs over 1 MWp since 2007. As one of only a few players, Hanwha Q CELLS offers all development as well as planning and construction work from one source and provides financial stability as part of the Korean Top-Ten and Global FORTUNE 500 company Hanwha Group. The PV farm is yet another proof point for the company´s growing global footprint, especially highlighting its expertise as an EPC.

“The PV system in Portugal proves Hanwha Q CELLS´ expertise as full-service-provider regarding the development and EPC of PV power plants,” said Frank Danielzik, Vice President Development/Sales & EPC at Hanwha Q CELLS. “Investors in PV projects are looking for reliable contractors offering top-quality modules, excellent services and strong financial stability to guarantee their project´s successful realization as well as long-term operation.”

For more information:

Hanwha Q CELLS GmbH
Sonnenallee 17-21
06766 Bitterfeld-Wolfen (OT Thalheim), Germany

Corporate Communications
Jochen Endle, Robert Reinsch
Tel: +49 (0)3494 6699 10121
Email: presse@q-cells.com

Executive Board
Hee Cheul Kim (CEO), Kye Chun Son (CFO),
Dr. Andreas v. Zitzewitz (COO), Koo Yung Lee (CCO)

Hanwha Q CELLS

In February 2015 Hanwha Q CELLS Co., Ltd. (NASDAQ:HQCL) emerged as a new global solar power leader from combining two of the world´s most recognized photovoltaic manufacturers, Hanwha SolarOne and Hanwha Q CELLS. The combined company is listed on NASDAQ under the trading symbol of HQCL.
It is headquartered in Seoul, South Korea, (Global Executive Headquarters) and Thalheim, Germany (Technology & Innovation Headquarters) and is the world’s largest solar cell manufacturer as well as one of the largest photovoltaic module manufacturers. Due to its diverse international footprint including facilities in China, Malaysia, and South Korea, Hanwha Q CELLS is in a unique position to flexibly address all global markets, even ones with import tariffs, such as the United States and the European Union. Based on its well respected “Engineered in Germany” technology, innovation and quality,
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-Ten business enterprise in South Korea.

For more information, visit: investors.hanwha-qcells.com

Hanwha Group

Hanwha Group, founded in 1952, is one of the Top-Ten business enterprises in South Korea
and a “FORTUNE Global 500” company. Hanwha Group has 56 domestic affiliates and 226 global networks in three major sectors: manufacturing and construction, finance, and services and leisure.
With more than 60 years track record of industrial leadership, Hanwha’s manufacturing and construction businesses encompass a broad range of fields from chemicals & materials, aerospace & mechatronics, total solar energy solutions, and global construction. The finance network, covering insurance, asset management and securities, is the second largest non-bank financial group in South Korea. The services and leisure sector offers premium lifestyle services with retail and resort businesses.

For more information, visit: www.hanwha.com

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