[12 March, 2014] The World Economic Forum, best known for its annual meeting in Davos, Switzerland, is an independent international organization that is committed to improving the state of the world by engaging business, political, academic, and other leaders of society to shape global, regional and industry agendas. They meet here to exchange information and discuss pressing issues facing the world, including health and the environment.
In January 2013, Hanwha has agreed with the Municipality of Davos to install a photovoltaic system on the 1,000-square-meter rooftop of the Davos Congress Centre by 2014 followed by the adjoining swimming pool. Creating enough energy to replace more than 20 tons of CO2 emissions each year, the solar modules sponsored by Hanwha will help the municipality of Davos and the Forum take a big step toward a “Greener Davos" and a carbon-neutral future. According to a study done by Amstein+Walthert, the project engineer for the municipality of Davos, the installation will deliver 340 kWp-solar power generation, equivalent to the electricity consumption of seventy-five Swiss households.
Solar power can be even generated in a country like Switzerland, where it snows a lot. This is because Hanwha’s solar modules are made with industry-leading technologies, providing top performance in the harshest climates. They also offer triple protections against performance loss, preventing so-called “potential-induced degradation,” making forgeries impossible, and avoiding the dangerous hot spots that plague lower-quality solar panels.
Hanwha has carried out a host of activities to demonstrate the value and sustainability of new and renewable energy sources in action in every way. For example, Hanwha provided solar PV panels for the VISION House®, an experiential exhibit in INNOVENTIONS at Epcot® at the Walt Disney World® Resort, which will give visitors a practical look at green building technologies. The VISION House® is a large home with realistic living space and interior décor. Throughout the exhibit, visitors are encouraged to consider how they can reduce their personal impact on the planet, as well as changes they can implement in their own homes to make them more sustainable and durable. Hanwha’s solar modules are installed
on the VISION House® roof and carport outside the VISION House®.
Hanwha also built a solar power plant in northern China in collaboration with the United Nations Convention to Combat Desertification(UNCCD) and the provincial government of Ningxia, China. This project is particularly meaningful since it is the first time that solar energy is being used to prevent desertification. The plant will power a 3,200-square-meter greenhouse in the Baijitan Nature Reserve
of Lingwu City, located near the southwest edge of the Mu Us Desert.
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, 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