Hanwha Q CELLS USA Signs Power Purchase Agreement with Austin Energy
- 170 MW solar power plant to be constructed in Texas
- Hanwha Q CELLS USA to provide EPC (Engineering, Procurement, Construction)
[November 02, 2015] Hanwha Q CELLS USA announced the signing of a 25-year power purchase agreement ("PPA") between Hanwha and Austin Energy.
Hanwha Q CELLS USA will build a 170 MW utility-scale solar power plant in an area of 5,800,000㎡ in Texas and sell the electricity generated by the facility to Austin Energy. It plans to complete the development, design, and construction of the solar project in an expedited fashion.
"We're very excited by the opportunity to work with Austin Energy and support their goal of adding significant solar energy to their generation portfolio," said Laurence Greene, Chief Development Officer of Hanwha Q CELLS USA. "The solar facility will be a state-of-the-art generation resource using high-performing and efficient technology that will transform the underutilized site into an environmentally sustainable source of power to the local community." Larry Weis, General Manager of Austin Energy said "We're very pleased to be partnering with Hanwha to bring more clean solar energy to our customers," adding "This action moves us closer to the City of Austin's goal of 55 percent renewable energy production by 2025."
Last month, Hanwha Q CELLS USA received the Indiana Governor's Award for Environmental Excellence in recognition of the company's contributions to new and renewable energy development on contaminated land.
Hanwha Q CELLS
Hanwha Q CELLS is a renowned total energy solutions provider for solar cell and module, energy storage, downstream project business and energy retail. It is headquartered in Seoul, South Korea (Global Executive HQ) and Thalheim, Germany (Technology & Innovation HQ) with its diverse international manufacturing facilities in the U.S., Malaysia, China, and South Korea. Through its growing global business network spanning Europe, North America, Asia, South America, Africa and the Middle East, Hanwha Q CELLS provides excellent products and services and long-term partnerships to its customers in the utility, commercial, governmental and residential markets.
For more information, visit: www.q-cells.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 more than 85 domestic affiliates and over 380 global networks in three major sectors: manufacturing and construction, finance, and services and leisure. With more than 65 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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