Hanwha Q CELLS Co., Ltd. (“Hanwha Q CELLS” or the “Company”) (Nasdaq: HQCL), the world´s largest producer of in-house solar cells in 2016, is on a strong growth path in European solar markets and has now announced to launch an additional offensive in all market segments in Europe. “European solar customers are looking for high performance and high quality from a stable and highly bankable partner”, says Maengyoon Kim, Head of EU Sales at Hanwha Q CELLS. “Our solar module portfolio based on the proprietary Q.ANTUM technology delivers just that, but in addition, the customers require individual solutions. That´s why we have now added a new PV solution range for the commercial and industrial segment (C&I) as well as for home owners to our Q.ANTUM based product portfolio.” Maengyoon Kim added: “We are aiming for overall market leadership in Europe!”
Growing rooftop segment in Europe while maintaining pure module sales
Coming from a sales approach largely driven by module sales into larger scale solar projects,
Hanwha Q CELLS now has a twofold sales strategy in Europe: While maintaining the pure module sales business, the company has been realizing enormous growth in the rooftop segments. These include rooftop PV systems for companies in commerce and industry just as well as the residential customers, which are both being served via the company´s Q.PARTNER network of installers. In order to further support the growth in these two segments, Hanwha Q CELLS has now introduced two solar system solutions (described below). With regards to utility scale module sales, France has been growing in importance, since the company recently obtained the CRE3 and CRE4 Certolis certificate fully confirming the low carbon footprint of products from their Q CELLS brand. Thus, the company is fully eligible to participate in CRE4-2 rooftop tenders in France, which will close on July 7, 2017.
New Q CELLS solar solutions for commercial and residential rooftop segments
Q.FLAT-G4: optimized solar system for flat roofs in commerce and industry
Q.FLAT-G4 is a system solution for flat roofs consisting of Q.ANTUM based solar modules and a
self-developed triangular mounting structure. It is designed to maximize the energy yield of the solar system on a given roof space. Thus, companies in industry and commerce can disconnect from rising energy prices and lower their energy bills while at the same time improving their sustainability. Q.FLAT-G4 offers installers an efficient system planning with the Q CELLS rooftop planner software solution. Moreover, the installation of Q.FLAT-G4 is easy and fast with only one type of tool needed and without having to penetrate the roof structure. Moreover, Q.FLAT-G4 is the perfect fit for the use of Q CELLS´s Q.ANTUM solar modules.
Q.HOME+ ESS- G1: storage solution for home owners
A Samsung lithium ion battery, a PV inverter, a battery inverter, a 10 year product warranty and web + mobile monitoring – that´s Q.HOME+ ESS-G1. This new storage solution provided by Q CELLS is available in three different versions with capacities of 3.6 kWh, 5.5 kWh and 8 kWh for different solar system sizes and corresponding energy needs. Q.HOME+ ESS-G.1 is being marketed via the company´s Q.PARTNER network and is available with or without a Q CELLS solar system.
Q.ANTUM: MORE THAN JUST PERC
All new solar solutions are being equipped with high performance solar modules from Q CELLS, based on the company´s proprietary Q.ANTUM technology. It is based on the rear side passivation of the solar cell (PERC) and offers many additional features that differentiate it from conventional PERC technologies. Especially, controlling the various degradation effects, PID (potential induced degradation, LID (light induced degradation) and LeTID (light and elevated temperature induced degradation), are strengths of Q.ANTUM technology. Additionally, Q.ANTUM features Hot-Spot-Protect and Tra.Q laser marking for
100 % traceability of any cells produced as well as the strict Q CELLS quality standards. Around 5 GW of commercially mass produced Q.ANTUM solar cells show Hanwha Q CELLS´ leadership position in PERC based high performance technologies.
– Hanwha Q CELLS aims for market leadership in all market segments in Europe
– Self-developed flat roof system Q.FLAT-G4 for commercial and industrial (C&I) market segments and Q.HOME+ ESS-G.1 storage solution for the residential segment introduced
– Growing Q.PARTNER network deepens market penetration in rooftop markets
– Hanwha Q CELLS fully eligible to participate in solar tenders in France
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 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 10 business enterprise in South Korea. For more information, visit: http://www.hanwha-qcells.com.
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.