Solarex 2018: Hanwha Q CELLS to Present Half-Cell Solar Module Series Q.PEAK DUO-G5 and Utility Module Q.PLUS
- At booth B03~C02, visitors of Solarex 2018 in Istanbul, Turkey, will be able to experience Hanwha Q CELLS´ latest technology achievements between April 5 and 7, 2018.
- The Q.PEAK DUO-G5 half-cell module series with Q.ANTUM DUO technology achieves higher yields and system performance as well as lower installation costs and LCOE.
- With the Q.PEAK and the Q.PLUS module series as well as the Q.HOME storage solution, Hanwha Q CELLS will display solar solutions for diverse requirements at Solarex 2018.
[Seoul, South Korea / Istanbul, Turkey, April 4, 2018] Hanwha Q CELLS Co., Ltd. (hereinafter referred to as “Hanwha Q CELLS” or the “Company”) (Nasdaq:HQCL) will showcase its newest products and solutions based on the Company´s proprietary and matured Q.ANTUM technology at Solarex 2018 in Istanbul, Turkey, from April 5 to 7, 2018. Solarex is Turkey’s first and only trade show for the PV Industry. Last year, over 20,000 people from 43 different countries attended the exhibition.
During Solarex 2018, Hanwha Q CELLS will introduce its latest technological achievement, which is now available on the Turkish solar market: The new flagship module ‘Q.PEAK DUO-G5’ combines half-cell technology, six bus-bars, round wires and the Company´s proprietary Q.ANTUM DUO technology. The combination of these technologies provides both, the advantages of higher system performance as well as lower LCOE. In addition to the ‘Q.PEAK DUO-G5’, Hanwha Q CELLS will also showcase the Q.PEAK and the Q.PLUS solar module series as well as the Q.HOME energy storage system for residential markets. With these products, Hanwha Q CELLS aims to take market leadership in the commercial & industrial (C&I) market segment in Turkey. Furthermore, the world´s largest producer of in-house solar cells plans to expand its business to cover the residential market in the long-term. Solarex 2018 will serve as an opportunity for Hanwha Q CELLS to promote its product portfolio within the Turkish solar market.
In 2016, Hanwha Q CELLS ranked first in market share in Turkey. Furthermore, a 500 MW fully integrated photovoltaic manufacturing facility, which includes an R&D center, is now under construction in Ankara. The fully integrated manufacturing plant will start its mass production of PV products, including ingots, wafers, cells and modules, beginning of 2019. Once in operation, the modules produced in the factory will be used for the construction of the 1 GW solar power plant, which is to be built in Konya-Karapinar, Turkey.
Seong Woo Nam, CEO of Hanwha Q CELLS said, “Hanwha Q CELLS is on a strong growth path in Turkey and in all major solar markets in Europe.” He added, “Turkish solar customers are looking for high performance and high quality from a stable and highly bankable partner. Hanwha Q CELLS will fulfill this demand with its diverse solar product portfolio and with an on-site manufacturing facility as well.”
About Hanwha Q CELLS
Hanwha Q CELLS Co., Ltd. (NASDAQ:HQCL) is a global leading photovoltaic manufacturer of high-performance, high-quality solar cells and modules. Headquartered in Seoul, South Korea, it has Technology and Innovation HQ in Thalheim, Germany and manufacturing facilities in Malaysia and China. Hanwha Q CELLS offers solar modules, photovoltaic systems solution and large-scale solar power plants. Through its growing global business network spanning North America, Asia, Europe, South America, 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.
Contact: Hanwha Q CELLS GmbH
Jochen Endle, Oliver Beckel
TEL +49 (0)3494 6699 1012
Source: Hanwha Q CELLS Co., Ltd.