Q CELLS Solar Modules Cool the Fridge of Food Wholesaler in Italy
- 367 kWp solar system equipped with 1.335 Q CELLS solar modules produces clean electricity at Headquarters of food wholesaler Polo in northern Italy
- Up to 90% of around 410 MWh yearly production rate used to power Polo´s logistics center with its -25°C fully automatic frozen food service facility
- With high performance solar modules from Q CELLS, solar self-consumption pays off for companies in commerce and industry in Italy – even without FITs
[Toelo, Italy, February 2, 2018] Solar modules from Hanwha Q CELLS make the sun cool the fridge at food wholesaler Polo S.p.A. in northern Italy. The experienced Italian solar installer Omnia Energy 3 srl has built a 367 kWp solar system on various flat roofs at Polo´s Headquarters in Teolo, between Verona and Venice. Being equipped with Q CELLS’ 1.335 solar modules, the installations produce around 410 MWh of clean energy per year. Polo S.p.A. uses the solar electricity to power its logistics center and especially its unique frozen food service facility – a fully automated food logistics facility operated at a constant temperature of -25°C. By using 90% of the solar system´s electricity to operate its facilities, the food service provider for restaurants in northern Italy switches large parts of their energy consumption to self-produced and self-consumed solar energy. Thus, Polo S.p.A. responds to the challenge of environmental sustainability and increases its independence from rising electricity prices from the grid.
The solar system´s payback period is estimated at less than four years, resulting in subsequent electricity cost savings of estimated 72,000 € per year. This consideration, as well as the fact that the modules’ performance guarantee and lifetime last up to 25 years and even beyond that, respectively, makes it apparent that PV systems not only help to improve the carbon footprint of companies in Italy, but also offer enormous economic saving potentials. One key to the attractive payback periods of Polo S.p.A. is to use high performance solar modules that provide strong yields over the system´s entire operation period. In order to achieve this, the modules´ performance in difficult conditions such as low light during dusk or dawn and in hot climates – for example, Italy – is an essential element.
Mr. Galdino Peruzzo, President of Polo S.p.A. said: “We are glad about having partnered with Omnia Energy 3 and Hanwha Q CELLS in realizing our photovoltaic installation. Moreover, we´re very happy with our initial experiences with operating the system. The Q CELLS’ solar modules truly deliver on their promises. Thus, the solar system is an important step for making our company´s energy setup fit for the future – and that goes both, in ecologic and in economic terms.”
Omnia Energy 3´s owner, Mr. Stephane Moretti, commented: “We are very pleased to realize yet another win-win solar installation with Hanwha Q CELLS. The Q CELLS brand offers high performance and high quality solar modules and that´s exactly what you need to create short payback periods and happy customers. That´s why Omnia Energy 3 likes to choose Hanwha Q CELLS as our module partner.”
Alberto Nadai, Key Account Manager for northern Italy at Hanwha Q CELLS, said: “It is our pleasure to partner with Omnia Energy 3 and serve Polo S.p.A. to largely disconnect from rising electricity prices via solar energy. The environmental effect of a solar system is undisputed. However, it is not crucial for convincing companies in northern Italy to go solar with our modules. Truly, the economics of our high performance Q CELLS modules speak for themselves.”
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, South Korea 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 8 business enterprise in South Korea. For more information, visit: www.hanwha-qcells.com.
About Omnia Energy 3 Srl
Omnia Energy 3 Srl is a leader in the sector of renewable energies and in particular in the photovoltaic systems in the Northern-East of Italy. The features that distinguish ourselves are reliability and accuracy in the development of our business. The quality is guaranteed through the employment of solutions at the vanguard and by the professional competency of our team. Our slogan summarizes our objectives: Save, Produce, Manage.
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.
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Hanwha Q CELLS Solar System Polo SpA