Hanwha Q CELLS Completes United States’ First Solar Farm On a Superfund Site
  • - 10.86 MW Solar Farm was fully realized without any incentives
  • - German-headquartered PV specialist breaks barrier frustrating solar project developers for more than 20 years
  • - 93% volume reduction of site soil movement was achieved
Hanwha Q CELLS Completes United States’ First Solar Farm On a Superfund Site

[Indianapolis, IN, 09 April, 2014] Hanwha Q CELLS, an international solar developer, manufacturer and solutions provider, commemorated the historic completion of the first utility scale solar project constructed on an active EPA Superfund site1. Hanwha Q CELLS was joined by project partners including the US EPA, Vertellus Specialties Inc., Indiana Department of Environmental Management, Indiana Power & Light (NYSE: AES), PNC Bank, August Mack Environmental Consulting, URS Corporation, US Utilities and Solar FlexRack.

The 10.86 MWdc Maywood Solar Farm, located on 43 acres of the Reilly Tar & Chemical Superfund site in Indianapolis, was completed under the 2012 Indianapolis Power & Light (IPL) Rate-REP program. Of critical significance, the Maywood Solar Farm was fully realized without additional federal, state, local or corporate incentives and used conventional solar project financing. Construction commenced in July 2013 and was completed in March 2014, using high efficiency Q CELLS Q.PRO L polycrystalline modules, engineered by Hanwha Q CELLS in Germany. The Maywood Solar Farm will operate for up to 30 years and reduce CO2 emissions by more than 13,000 metric tons per year – equal to the annual carbon emissions of more than 2,700 passenger cars or 1,800 Indiana residential homes.

Hanwha Q CELLS’ CEO Charles Kim remarked: “The completion of the Maywood Superfund project2 is a significant milestone for Hanwha Q CELLS, but also for the solar industry as a whole in overcoming the legal, financial, regulatory and construction hurdles to create a virtuous cycle, and develop a higher use for brownfield, idle land. In completing a non-subsidized Superfund project, Hanwha Q CELLS has broken a barrier that has frustrated solar project developers for more than 20 years. We are looking forward to future, similar projects.”

Safeguarding project economics, Hanwha Q CELLS completed project construction at, or below, market costs – while managing additional site and environmental requirements. Hanwha Q CELLS employed an internally-developed and adaptive construction methodology in concert with US EPA to meet existing site environmental covenants. The proprietary Hanwha Q CELLS Soil Disturbance Minimization Plan resulted in a volume reduction of site soil movement of more than 93% over conventional construction approaches, while also minimizing the potential for exposing known underground hazards, impairing the existing site environmental remedy, or creating human exposure to site hazards.

“This innovative solar project demonstrates that Superfund sites can be redeveloped - to generate economic benefits for the local community and clean renewable energy for homes and businesses," said US EPA Regional Administrator Susan Hedman. "US EPA is proud to have played a role in the Maywood Solar Farm project, which has transformed a site with a long history of contamination into a source
of renewable energy for the future."

1. Superfund Site

Superfund sites are locations in the United States that have been polluted by hazardous material contaminations and require long-term responses to clean up. These sites are listed by the US Environmental Protection Agency (US EPA) and as of February 2014, there are a total of 1,319 Superfund sites across the country.

2. Maywood Superfund Project

Maywood, Indianapolis, was used for coal-tar refinement facilities from 1921 to 1972 and suffered from contamination of its underground water and soil. The region was subsequently designated as a Superfund site by US EPA and purification work was completed in 1999.

The Superfund project was initiated with the goal of establishing a solar power generator on the polluted site. Taking into consideration the possibility of residual coal-tar in the soil exploding, Hanwha Q CELLS developed new construction technologies that could move less soil than existing methods, winning the US EPA's approval. Using these technologies, Hanwha Q CELLS successfully completed for the first time
in the US the construction of a solar power generator on a contaminated site.

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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