Tiendas Soriana, Hanwha Q CELLS, and ILIOSS® Partner to Install 31 MW of Solar Power in Mexico
- Q CELLS systems to be installed at 120 retail stores across the country
- Hanwha Q CELLS to provide financing for all 31 MW
- ILIOSS to design and install solar systems
Tiendas Soriana S.A. de C.V., Mexico's second largest retail company, and Hanwha Q CELLS, one of the world's leading full-service solar power companies, today announced a 20-year Power Purchase Agreement (PPA) for 31 megawatts (MW) of photovoltaic (PV) solar power at 120 retail locations across Mexico that will create significant long-term energy savings for Soriana. The agreement lays the foundation for a long-term partnership, which could lead to new installations at additional Soriana stores in the future.
Hanwha Q CELLS will partner with Mexican developer and construction company ILIOSS to install rooftop and carport systems in Soriana's stores in Mexico City and the states of Mexico, Jalisco, Querétaro and twelve others. Soriana will reduce a significant portion of their energy demand by using onsite solar power while fixing its long-term energy cost. Hanwha Q CELLS will finance all 31 MW.
Hanwha Q CELLS and ILIOSS have already begun construction on the first seven solar systems in Baja California Sur, which will feature more than 12,000 high-efficiency, German engineered Q CELLS Q.PRO-G3 250 W panels to provide approximately 3.05 megawatts of combined generation capacity. Construction on all 120 sites is expected to be completed by early 2015.
"Soriana is an ideal partner for a solar project of this scale in Mexico," said Alejo Lopez, Hanwha Q CELLS Country Manager for Mexico. "Solar power makes strong economic sense for many large retail and industrial energy users in Mexico, even without any government subsidies."
"With great solar resources and a positive investment outlook, Mexico is a prime growth market for Hanwha Q CELLS," said Moon Hwan Cha, Hanwha Q CELLS USA President. "The robust financial standing of the Hanwha Group allows Hanwha Q CELLS to establish long-term partnerships with customers in key markets like Mexico and other emerging markets in Latin America."
"With this association Hanwha Q CELLS, Soriana and ILIOSS join forces to provide the most advanced technology to obtain clean energy at preferential costs. This project allows Soriana to meet both its sustainability and cost saving goals" said Aurelio Adán, CFO of Soriana.
"It is a privilege for ILIOSS to partner with such great companies as Soriana and Hanwha Q CELLS on this ambitious project, the biggest rooftop project in Mexico and Latin America. Our experience and professional capacity will provide certainty on the quality of the design and construction of the solar systems." said David Arelle, ILIOSS CEO.
For more information:
- Hanwha Q CELLS
- Alejo Lopez
- Tel: (949) 748-5996 x240
- Email: alejo.lopez@hqamericas.com
Hanwha Qcells
Hanwha Qcells (Hanwha Solutions Qcells division) is one of the world’s leading clean energy companies, recognized for its established reputation as a manufacturer of high-performance, high-quality solar cells, and modules, a portfolio of intelligent storage systems, and a growing international pipeline of large-scale renewable energy projects. Hanwha Qcells also provides renewable electricity retail services and packages to end customers the world over. The company 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. Hanwha Qcells strives to offer Completely Clean Energy through the full spectrum of photovoltaic products, storage solutions, renewable electricity contracting, and large-scale solar power plants. Through its growing global business network spanning Europe, North America, Asia, South America, Africa, and the Middle East, Hanwha Qcells provides excellent services and long-term partnerships to its customers in the utility, commercial, governmental, and residential markets.
For more information, visit: www.qcells.com/us/
Hanwha Group
Founded in 1952, Hanwha has grown quickly by anticipating and responding to changing business environments with a balanced business portfolio that includes energy & materials, aerospace, finance and retail & services. Our expertise and synergy in key areas have catapulted us into the seventh-largest business in South Korea and a Fortune Global 500 company. Hanwha continues to grow rapidly as we strive to pursue global leadership in all of our businesses. We are building a robust foundation for sustainable development and a brighter future for everyone.
For more information, visit: www.hanwha.com
Soriana
Tiendas Soriana S.A. de C.V. is a fully owned subsidiary of Organización Soriana (BMV: SORIANAB). Soriana is a Mexican public company and is the second largest retailer in Mexico with more than 640 stores. Soriana is a grocery and department store retail chain headquartered in Monterrey, Nuevo León, Mexico. The company is 100% capitalized in Mexico and is publicly traded on the Mexican stock exchange (Bolsa Mexicana de Valores), since 1987 under the symbol: "Soriana".
For more information, visit: www.soriana.com.mx
ILIOSS
ILIOSS provides solutions for energy sale, financing, engineering, procurement, construction and operation of solar energy systems. ILIOSS is the leading Mexican solar developer and EPC company with the highest rooftop PV power installed. Among its clients there are recognized commercial and industrial companies and real estate developers.
For more information, visit: www.ilioss.com
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