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Hanwha Q CELLS participates in first collective self-consumption solar project in France’s Midi-Pyrénées region

Hanwha Q CELLS participates in first collective self-consumption solar project in France’s Midi-Pyrénées region


– Hanwha Q CELLS supplied 120 of its Q.PEAK-G4.1 300 W solar modules for the project, located in Midi-Pyrénées, France
– The 36 kWp array, installed by C2A and managed by local renewable energy cooperative Enercoop, is the first collective self-consumption PV project in the region
– The solar modules were installed on the rooftop of the Lou Cussou Biocoop store in Saint-Affrique (Aveyron)

Berlin, Germany: Hanwha Q CELLS GmbH (“Hanwha Q CELLS” or “The Company”), the German subsidiary of one of the largest solar cell and module manufacturers in the world, Hanwha Q CELLS Co., Ltd. (NASDAQ: HQCL), at the weekend witnessed the inauguration of a solar self-consumption C&I project in France’s Midi-Pyrénées region that was built using Hanwha Q CELLS solar modules.

The 36 kWp installation sits atop the rooftop of the new Lou Cussou Biocoop store in the town of Saint-Affrique (Aveyron), and comprises 120 Q.PEAK-G4.1 300 W solar modules. Store manager Isabelle Gaillard enlisted the expertise of local renewable energy cooperative Enercoop to manage the sales contract that now positions the Biocoop store as a producer of energy. This €45,000 solar project was installed by C2A and inaugurated on September 29.

Cooperative solar energy sharing helping to shape France’s future

All of the solar electricity that the Biocoop store array produces can be shared and consumed locally. Enercoop has entered into a contract arrangement with Enedis, the local electricity distribution network, to distribute the solar electricity to interested business consumers in the nearby locality. Enercoop will also oversee all billing to consumers that sign up to the scheme.

So far, the neighboring Codomier-Masset Veterinary Clinic has signed up to receive and consume electricity from the array, with a further handful of other interested businesses and consumers poised to join the collective operation once the first feedback has been received. Any unused surplus solar energy will be steered towards customers of the Enercoop network, which currently comprises around 5,000 members in the Midi-Pyrénées region.

Collective self-consumption is a growing market in France following the introduction of a 50 MW tender for self-consumption solar projects earlier this year. Uptake of self-consumption projects is now growing, and the model has been welcomed as a means for further liberalizing France’s energy market and helping to make it easier for private and C&I energy consumers to embrace the lower costs and zero emissions that solar electricity stands for. By using Hanwha Q CELLS’ Q.PEAK-G4.1 300 W solar modules, Biocoop will benefit from lower LCOE and high power output thanks to the modules’ Q.ANTUM monocrystalline cell technology that makes them an ideal solution for large rooftop installations.

Stephan Maurel, Hanwha Q CELLS Head of Sales, France, said: “It is encouraging to see more and more companies embrace France’s collective solar self-consumption market, and we at Hanwha Q CELLS are proud to have been involved in this project, which is the first of its kind for the Midi-Pyrénées region.
“France is making great strides towards meeting its carbon emission reduction goals, and we see many more opportunities to help support this transition towards a greener energy system – from the residential market through to C&I installations and the utility sector.”

Benjamin Bergnes of installer C2A added: “We believe that the growing self-consumption market in France is vitally important for boosting further uptake of solar PV, which is why we are eager to ensure that our installations are always high quality and great value. This is why we selected Hanwha Q CELLS’ Q.PEAK-G4.1 solar modules thanks to their reliability and impressive power output.”

About Hanwha Q CELLS
Hanwha Q CELLS Co., Ltd. (NASDAQ:HQCL) is one of the world´s largest and most recognized photovoltaic manufacturers for its high-performance, high-quality solar cells and modules. It is headquartered in Seoul, South Korea (Global Executive HQ) and Thalheim, Germany (Technology & Innovation HQ) with its diverse international manufacturing facilities in Malaysia and China. 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 partnerships to its customers in the utility, commercial, governmental and residential markets. Hanwha Q CELLS is a flagship company of Hanwha Group, a FORTUNE Global 500 firm and a Top 10 business enterprise in South Korea. For more information, visit: http://www.hanwha-qcells.com.

Safe-Harbor Statement
This press release contains forward-looking statements. These statements constitute “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other things, the quotations from management in this press release and the Hanwha Q CELLS’ operations and business outlook, contain forward-looking statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those expressed in or suggested by the forward-looking statements. Further information regarding these and other risks is included in Hanwha Q CELLS filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. Except as required by law, Hanwha Q CELLS does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Source: q-cells
Anand Gupta Editor - EQ Int'l Media Network


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