Q CELLS’ SOLAR MODULES TO POWER THE LARGEST FLOATING SOLAR SYSTEM IN THE NETHERLANDS
- 1.85 MW solar system on water reservoir will produce around 1.757,5 MWh of clean electricity per year
- Floating PV projects are ideal for the Netherlands due to its landscape with rare land areas and abundant water surfaces
- Q CELLS on a growth path in the booming Dutch solar market
[Lingewaard, Netherlands, April 5, 2018] Hanwha Q CELLS, the world´s No.1 solar cell producer will equip the largest floating photovoltaic system in the Netherlands with high quality solar modules of its renowned Q CELLS product brand. Tenten Solar Zonnepanelen B.V. has developed the project for Drijvend Zonnepark Lingewaard B.V. under the SDE+ scheme of governmental subsidies in the Netherlands. The solar system will be constructed on a water reservoir in Lingewaard in central Netherlands between April and June 2018. Q CELLS will power the system, which will cover a water surface area of around 15.800 m2, with more than 6.100 Q.PEAK-G4.1 300 Wp monocrystalline solar modules. The sub construction will consist of swimming pontoons from the French supplier Ciel et Terre. The inverters and optimizers will be supplied from SolarEdge. Reaching a total nominal power of 1.85 MW, the solar system is expected to produce around 1.757,5 MWh of clean electricity per year and feed it into the public grid – enough to satisfy the energy demand of more than 380
4-person households in the Netherlands. Being the first large-scale commercial floating PV system in the country, the installation in Lingewaard might very well be a blue print for many more floating solar projects to come.
Floating solar systems: a success model in the Netherlands
The Netherlands has an abundance of inland sweet-water areas. On the other hand, land areas for ground mounted PV systems are rare and respectively expensive. Furthermore, the cooling and light reflecting water surface has a positive effect on the performance of the solar modules. Therefore, floating PV systems under the SDE+ incentive scheme in the Netherlands are a success model in the country.
Frans van Herwijnen MSc, Director of Drijvend Zonnepark Lingewaard B.V. said: “We are 100% convinced that our floating PV system will only be the starting point for many more successful floating solar projects in the Netherlands. Since our inland waterways have a surface of about 7.650 square kilometers, floating systems can have an important contribution in terms of increasing the renewable energy supply in the Netherlands.”
Mr. Bram Reukers, Commercial Manager at Tenten Solar Zonnepanelen B.V. said: “We´re very happy to be developing and building this largest floating PV project in the Netherlands so far. In order to create long-term success with PV projects on the water, the quality and durability of the modules is a key factor. Therefore, we´re more than happy to be partnering with Q CELLS, who are world famous for their high performance and top quality solar modules.”
“Benelux is one of Q CELLS´ key regions in 2018. We aim to become the market leading module supplier in the Netherlands and in Belgium this year,” said Maengyoon Kim, EU Sales Head at Hanwha Q CELLS. He continued: “Therefore we´re more than happy to supply our high quality solar modules for the largest floating solar system in the Netherlands and we´d like to thank our partners for choosing Q CELLS.”
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.
Contact: Hanwha Q CELLS GmbH
Jochen Endle, Oliver Beckel
Tel: +49 (0)3494 6699 1012